Advanced Television

Survey: 61% Canadians prefer FAST over subscriptions

July 13, 2023

LG Ad Solutions has released findings from its latest study of perceptions and behaviours related to connected TV among Canadian consumers.

Titled, The Big Shift: Canada Wave II, the study surveyed more than 750 Canadian consumers in June 2023 and found that Canadian TV viewership is shifting away from linear TV with 26 per cent of those surveyed said they are watching less linear television than a year ago. In its place, FAST services are growing in popularity among Canadian consumers, with 61 per cent preferring to stream free, ad-supported content rather than pay for a subscription. In fact, 24 per cent of respondents spend 2-5 hours per week watching free, ad-supported TV apps.

Additional findings from the report include:

● Economic concerns are impacting subscriptions as over one in three viewers have cancelled a streaming service to save money.

● 87 per cent of Canadian connected TV users pay for one or more streaming apps, and more than half (55 per cent) are willing to cancel a subscription after watching the desired content.

● While recommendations from family and friends (52 per cent) are the top source for new content, nearly half (45 per cent) of consumers use the homepage of their TV screen for new content. This is 16 per cent more than the number for US consumers.

Meanwhile, LG Ad Solutions has expanded its global presence into the Canadian marketplace. This expansion follows the hire of Jason Randall as Country Manager, Vice President of Sales, Canada. Randall previously held sales roles at AdTheorent, Verizon Media, Amobee and Yahoo! Inc.

“As consumers shift away from linear and subscription television viewing towards free, ad-supported content, advertisers have a tremendous opportunity to reach an audience that is looking to engage with brands that are on these services,” said Randall. “Compared to US consumers, Canadian TV viewers are more likely to search online, visit a website and talk about an ad or product after seeing a connected TV ad. With LG Ad Solutions’ expansion into the Canadian market, advertisers can effectively reach and engage this valuable audience that is more likely to convert.”

Categories: Advertising, Articles, Consumer Behaviour, OTT, Research

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