1 in 4 anglophone Canadians have cut the cord on TV, survey suggests
More than half subscribe to Netflix and very few look to its competitors
One in four anglophone Canadians have cut the cord and no longer pay for a traditional TV service, while just over half are Netflix users, a report by the Media Technology Monitor suggests.
Based on telephone surveys with 4,156 Canadians conducted by Forum Research Inc. between Sept. 27, 2017 and Dec. 8, 2017, 73 per cent of respondents said they had a TV subscription, which was down from the 78 per cent who said the same in 2016.
"We've seen a steady decrease in paid TV subscriptions," says Jenny Meadows, head of client services for MTM. "That's changing the (media) environment we live in."
Digital only viewers on the rise
TV My Way viewers tended to be younger, most commonly in the 18 to 34 age group, and were more likely to be social media users, listen to music and podcasts online, and use their mobile devices to stream video.
"It is by far the most popular service over time and it continues to grow," says Meadows of Netflix's foothold in Canada.
But Netflix subscriber growth in Canada is now at the stage where it's slowing, adds Andrea Sharkey, senior manager of market insights for MTM.
"I think part of that is at some point all the people who want to have Netflix will have subscribed, so growth will continue to slow," Sharkey says. "But certainly it's still the most important (streaming service)."
Not much competition to Netflix
In fact, the report suggested there was little appetite for consumers to subscribe to Netflix's competitors.
Only eight per cent of those polled said they were users of CraveTV and six per cent said they had Amazon Prime Video. Of the Amazon Prime Video users, many had a login but said they didn't really use it.
"Only about half of those watched it in a typical month," Sharkey says. "A lot of the people who have a subscription to the Prime Video service only have it because it's bundled with their online shopping."
"Typically most people only have one and when they do have multiples they're stacking it with Netflix," says Sharkey.
"They were first to market, they do what they do very well."
MTM says the survey results are considered accurate within 1.5 percentage points 19 times out of 20.