More Canadians ditch traditional TV as streamers are 'winning the battle': report [BNN Bloomberg (Canada)]
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
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Source: BNN Bloomberg
satellite subscriptions, at a time when the federal regulator is considering new rules to help level the playing field across the sector. The annual Couch Potato Report released Monday by Convergence Research says 42 per cent of Canadian households did not have a TV subscription with a traditional provider by the end of last year. It forecasts that by the end of 2026, half of all households won't be traditional TV watchers. Meanwhile, the report says more than 80 per cent of Canadian households subscribe to a streaming service, while 70 per cent subscribe to both TV and one or more streaming services. Last year saw 2.6 per cent of Canadian TV subscribers cut the cord, as the revenue brought in by traditional TV providers declined three per cent to $7.2 billion — a pace the report predicts will continue through 2026. Meanwhile, streamers' Canadian subscription revenue rose 14 per cent in 2023 to $3.73 billion and is forecast to reach $4.25 billion this year. "It's kind of a n
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RCI
Earnings
- 4/24/24 - Beat
RCI
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- RCI's page on the SEC website