Canadian OTT service revenue in 2021 grew 30%, says Convergence report

VICTORIA — Canadian OTT access revenue grew 30% to $2.7 billion in 2021 and is forecast to increase a further 26% to $3.4 billion in 2022 and to reach $4.6 billion in 2024, according to the latest “Couch Potato” reports from the Convergence Research Group. This finding from Convergence’s The Battle for the Canadian Couch Potato: OTT and TV, May 2022 report is based on analysis of more than 55 OTT services (from over 35 providers), led by Netflix. “Rising Canadian OTT access revenue will continue to mostly benefit non-Canadian players,” according to a summary provided to Cartt.ca. “Canada is...