Report: CRTC Communications Monitoring Report
The Canadian Radio-television and Telecommunications Commission of Ottawa has released its annual Communications Monitoring Report for 2017. The report, which will be released in two parts, is intended to provide an overview of the Canadian communications industry. The first part covers the Canadian broadcasting industry.
According to the report, revenues for radio, television and television service providers decreased by 0.5% to $17.85 billion in 2016. Radio revenues decreased by 2% to $1.8 billion. Television revenues increased by 1.7% to $7.3 billion. Service provider revenues decreased 2.1% to $8.7 billion.
The time consumers spend listening to traditional radio decreased by one hour to 14.5 per week in 2016. The time spent watching traditional television decreased by about half an hour to 26.6 per week. Cable, internet protocol and satellite television services had 11.1 million subscribers in 2016, representing a 1.1% decline from the previous year.
According to the report, 44% of Canadian subscribe to an online video service. The estimated revenue for online video services in Canada was approximately $2 billion in 2016, an increase of 17.7% from 2015.
"This year's report shows how much younger Canadians are turning to digital platforms for their audio and visual content," said Ian Scott, chairperson and CEO of the CRTC. "That being said, traditional broadcasters are adapting to this reality and their services continue to be attractive options for many Canadians."