Nearly Half of Canadians Have Cut Cable Entirely

According to Convergence Research, an estimated 46% of Canadian households didn't have a TV subscription with a cable, satellite, or telecom-based provider in 2024. MobileSyrup reports: In its latest annual 'Couch Potato' report (PDF) on the streaming market, the firm notes that this was a four per cent increase from 2023 and that the number is expected to continue to rise to 54 per cent by 2027. Convergence notes that this marks a greater shift towards subscription video on demand services (SVOD) like Netflix and Disney+. To that point, the firm found that Canadian streaming subscription revenue grew 15 per cent year-over-year to $4.2 billion in 2024. At the same time, linear TV subscription revenue dropped five per cent to around $6.5 billion.

Some other interesting findings from the report:

- The 10 leading streaming providers raised prices in Canada by an average of six percent last year

- Ad-enabled memberships are cost 39 percent less on average compared to ad-free options

- Canadians subscribe to an average of 2.6 streaming platforms per household

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