Led by BDU losses, broadcasting revenues drop 3.3% in 2017: CRTC

OTTAWA – Total broadcasting revenues dropped 3.3% from 2016 to 2017 as television service providers (BDUs) posted negative growth for the third consecutive year, according to the CRTC’s statistical and financial results for the industry released Monday.The Commission's 2017 Broadcasting Financial Summaries Highlights reported that overall BDU revenues dropped by 2.3% (or $202 million), falling from $8.74 billion in 2016 to $8.54 billion for the broadcast year ended August 31, 2017. IPTV revenues grew by over 10% to $2 billion in 2017, outperforming satellite for the first time since its introduction into the Canadian marketplace. Satellite (DTH) service providers reported total...