Television New Zealand is unfazed by government proposals to increase funding for Radio New Zealand that will allow it to produce more video content, the state-owned broadcaster's chief executive, Kevin Kenrick told Parliament's economic development, science and innovation select committee.
In contrast to the lobbying campaign against the so-called RNZ+ policy being mounted by private TV3 owner MediaWorks, Kenrick said TVNZ was "adept at adjusting to competition" and that its most serious competitive threats were from global heavyweights moving into on-demand video streaming that competes directly with traditional 'linear' television.
Both state broadcasters faced the select committee today for their annual review, with TVNZ having announced relatively strong earnings for the six months to December 31 on Wednesday amid signs that advertisers are tentatively returning to television as an advertising medium after a prolonged period of prioritising online, digital advertising.
[TVNZ is] adept at adjusting to competition.
Kenrick held out the prospect that TVNZ and RNZ could collaborate on the provision of broadcasting infrastructure, which RNZ's chief executive, Paul Thompson, identified as an area of ongoing requirement for investment.