What does the future hold for TVNZ?

What does the future hold for TVNZ?
It’s likely that the crown company will attempt to become a New Zealand-style Netflix, with public interest content sitting alongside an overseas entertainment catalogue on TVNZ+. (Image: Getty)
Daniel Dunkley
At a select committee hearing in December 2022, Andy Coupe, then chair of TVNZ, painted a rosy picture of the broadcaster’s future. Asked by Melissa Lee, National’s opposition spokesperson on the media, whether TV revenue was declining, Coupe “confidently” predicted that earnings would “be stable through the forthcoming three or four years”.The prediction hasn’t aged well. Just under a year later, TVNZ reported a drop in revenue and a 78% fall in post-tax profit for the 12 months to June...

More Editor's Picks

CCHL directors resign en masse
Infrastructure

CCHL directors resign en masse

Four directors are leaving with immediate effect, citing dividend frontloading.

Oliver Lewis 15 May 2024
Fletcher should avoid capital raise 'at all costs'
Markets

Fletcher should avoid capital raise 'at all costs'

Fletcher's debt concerns analysts, but largest shareholder not keen on raising cash.

The Warehouse's painful online lesson
Markets Analysis

The Warehouse's painful online lesson

The Warehouse wanted to grow earnings outside its Red Sheds. Instead, it spent millions.

Fletcher shares drop 13% after Ebit guidance cut
Markets

Fletcher shares drop 13% after Ebit guidance cut

The company cited 'tough market conditions' as the main reason for softer sales.

Staff reporters 13 May 2024