Convergence report out - cable vs streaming. New report out showing a steady 2 percent decline in traditional TV. What is interesting is traditional is going streaming and streaming is going traditional so they are playing in each others sandbox. I see the streaming as just more programming channels to choose from. Problem is if get all the streaming packages (sports, kids, news etc) you end up paying more than traditional TV so why do it? Traditional tv putting everything on demand now so you can watch when you want with IPTV. So they are becoming like streaming, only with commercials. Netflix, Amazon etc do not have commercials.
I suspect we are in bottoming process now and traditional TV will settle at this level.
Also interesting that Corus is innovating and competing here.
For first six months this year their subscriber revenues are flat and have not declined.
"While many households subscribe to both options, the report estimates that about 32 per cent of Canadian households will not have a traditional TV subscription by the end of next year — an increase of about two percentage points from 2018."