Next Big Futures: New Zealand is becoming a digital hub, with a market for media products.
The market is set to be worth about $3 billion a year by 2025, with media organisations such as the National Radio and TV Board of Control and the National Health Service sharing the same resources.
There are currently about 5 million registered NZ media markets, with the majority of them being established online.
There is no formal definition of a market, but the media organisations themselves will usually define it as one that has an active online presence and an active presence on social media.
There have been several successful attempts to launch and monetise a NZ media market, including NZTV, the National Broadband Network, and the online-only Radio NZ.
But none have managed to scale well, with NZTV only launching last year.
New Zealand’s digital media market is forecast to grow by another $2 billion by 2025.
The next big thing in NZ media is NZtv, with it being set to take up about a quarter of the market in 2025.
The company has been making an impact, with revenue for the last year rising to more than $2 million.
The company is based in Christchurch, with an office in Auckland and a head office in Wellington.
It is a joint venture between the Government and the Media Corporation of NZ.NZtv has partnered with local media companies to offer its products to the public.
The first commercial offering in New Zealand was on Tuesday with the launch of the NZTV TV website.
The NZTV platform is designed to provide media content and a marketplace to people who may not be able to access it on a desktop or mobile device.
It also includes a number of other media content providers, including Radio NZ, and it has partnerships with news outlets such as Channel Ten and TVNZ.NZTV said it hoped to have the platform fully operational by 2021.
“NZTV is a platform which provides consumers with access to media content at a range of price points and a platform to sell media products to NZ media consumers,” the company said in a statement.
“It is our hope to have this platform fully launched by the end of 2021.”
New Zealand TV was launched in 2017, with three other companies entering into a partnership with it in 2018.
New Zealandtv said it had sold about 6.5 million products, with about 2.5 per cent of its revenue coming from advertising.
There were about 100 New Zealand media markets registered as of June 2021.