Streaming revenue grew 35% to $2 billion in 2020 in Canada, says Convergence

VICTORIA — According to Convergence Research Group’s newest “The Battle for the Canadian Couch Potato: OTT and TV” report, based on analysis of more than 50 “over-the-top” streaming services (from over 35 providers), Canadian OTT access revenue grew 35% to reach $2.05 billion in 2020. Convergence Research estimates such streaming revenue in Canada will grow a further 32% to $2.71 billion in 2021, and reach $3.96 billion in 2023. “We forecast the almost doubling of annual Canadian OTT access revenue over the period will continue to mostly benefit non-Canadian players,” such as Amazon, Apple, DAZN, and Netflix reads the company’s...