OTT subscription revenue grew 14 per cent in Canada in 2023, says new report

Canadian over-the-top subscription revenue grew 14 per cent to $3.73 billion in 2023, compared to the previous year, and is forecast to grow an additional 14 per cent in 2024 to $4.24 billion, according to a new report from the Victoria, B.C.-based Convergence Research Group. Based on analysis of more than 55 OTT services (from over 35 providers), led by Netflix, Convergence Research’s The Battle for the Canadian Couch Potato: OTT and TV, March 2024 report says double-digit growth rates in OTT subscription revenue are expected to continue through at least 2026. “Canadian OTT household penetration, subscriptions per household, and net OTT...