Broadband Content Delivery Draws Viewers, Revenues from Broadcast TV

Broadband Content Delivery Draws Viewers, Revenues from Broadcast TV

Broadband content, accessed using new media tools like wireless smartphones and Internet streams, continues to draw people and money away from traditional media outlets like radio and TV, according to an annual report on the Canadian communications industry.

Even so, broadcast revenues increased three per cent to $14.4 billion, mostly as a result of the specialty and pay television sector.

The Canadian Radio-Television and Telecommunications Commission (or CRTC) said in its report that overall revenue reached $55.4 billion last year, up about two per cent.

The CRTC says the media and communications sector accounts for nearly five per cent of Canada’s total gross domestic product.

Excerpt from Media Caster Magazine. Read the full article here.