(Telecompaper) Global pay-TV revenues are set to plummet by 11 percent to USD 183 billion by 2023 after reaching a peak of USD 205 billion in 2016, according to the latest study by Digital TV Research, covering 138 countries. The decline in revenues over the next 5 years will be due above all to more and more homes converting to bundles and will come in spite of an expected 9 percent rise in the number of pay-TV subscribers by 2023, said the report.