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Cable, IPTV and satellite subscriptions declined but revenue steady

The overall number of TV subscribers dropped to 11.2 million as of Aug. 31, 2015 from 11.4 million in 2014, according to the Canadian Radio-television and Telecommunications Commission annual financial report on cable, Internet Protocol television (IPTV) and satellite companies.

It’s the third year in a row television subscriptions have declined as streaming services such as Netflix boast huge gains, with a million Canadians estimated to have signed up for the U.S. online video service between June 2015 and April 2016 alone for a total of more than five million subscribers, according to Toronto-based Solutions Research Group.

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