Now that the GDP has been released, was the Reserve Bank decision to hold interest rates the right one?
Should the rapidly growing streaming industry pay tax in New Zealand?
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Speaker 1 (00:06):
You're listening to the Sunday Session podcast with Francesca Rudgin
from News Talks EDB.
Speaker 2 (00:12):
And it is time for the Panelin. Joining me today,
we have Freebann and Hair Loyal. Liam here, good morning,
Good morning to you, and we have journalists if you
producing and commentator Iron Gardner Hi Irene Hi there. Good
to have you both with us. Okay, we've got a
lot of information this week, Liam about the economy. We
had the HAIFU and the GDP ficause we're released. Was
(00:34):
it what you expected?
Speaker 3 (00:36):
Yeah, I mean it sort of reflects what I've seen.
I mean, I've been pretty urish on the economy. I've
be pretty depressed the scare about it as a small
business person. But you know, long last I do kind
of feel that the green shoots are here and it's
reflected and what's sort of quite modest GDP growth, which
is just you know, it's not great, but it's mild
(00:57):
ahead of where we were in midyear, right, and so
so it looks like there is their bank's decision to
hold in straight rather than cut in. It might have
been the right one, and you know, let's just hope
the next year is a good year.
Speaker 2 (01:11):
Are you feeling the same, Irene.
Speaker 4 (01:15):
I think people are feeling all kinds of things. It's
still very, very tough for a lot of people obviously,
and you know, you don't want to sort of gloss
over that, but it is Christmas time and I don't
want to be grinchy, so you know, let's hope that
it is a little bit of good news. Although it
does seem to depend a little bit which economic expertuism,
they also slightly different things.
Speaker 2 (01:33):
Well, I think I think they're all suggesting that we're
not it's not a rip roaring recovery we're heading into that.
We're just we're taking our time. But it feels like
we have kind of peeked around the corner, you know.
Speaker 4 (01:43):
And it's had an expression yesterday I actually sorry, z'd
be listenings. I'm overexposed. I did Tim's panel yesterday with
Shane Henderson, who's a local body politician, and he used
an expression the boardroom are happy, but the kitchen. So
the board table is happy, but the kitchen table isn't
happy yet.
Speaker 2 (02:04):
Well, I think this is the thing, though ly and
we get all these statistics and it's great information to have,
but it does only give us a broad view. It
doesn't tell us about how how New Zealander is a feeling,
how they're coping day to day. Doesn't talk about the
dis distribution of wealth, you know, or tell us how
happy we are, does it. I mean, so, so there
still needs to be a lot of listening done by
politicians going into twenty twenty seven.
Speaker 3 (02:24):
People will never really be all that happy. I mean,
I don't think even in the really good times that
people are that happy. No, it's not really. I mean, look,
here's the thing that's you know, the economy could could
be a lot better, but as you say, it's the
green shoots. You know, it's not time to celebrate or
also happy about it. But these things lag right, and
(02:45):
so it takes time for investment to flow through again.
But when you start to have businesses, and what I've
seen is you start to have businesses borrowing again, not
so much for retrenchment or to be defensive, but borrowing
again to invest and to expand again. That takes a
little wild work its way through. And maybe it starts
in the starts with the boort room. But if the
(03:06):
boardrooms I have, then there's nothing for the kitchen table
later on, and so I'm not I think you'd be
an idiot to oversell it or to be premature about it.
But I suppose the way I kind of feel about
it is that we're finally able to catch it breath.
What's been a pretty prolonged and pretty miserable year so
(03:26):
far with the economy.
Speaker 2 (03:27):
Liam, someone gave me a told me a great quote yesterday.
I'm going to share with you. You can't wait till
life isn't hard anymore before you decide to be happy.
Speaker 3 (03:36):
Well, you're right, it's like having kids, right, Like people
always say, it's not the right time, it's not the
right time. It's never the right time. It's never the
right time. You've just got to make your best of
what time you have. Your hundreds get right.
Speaker 4 (03:50):
Well, I was going to be cheeky and say that
Liam probably hasn't lived long enough to experience a time
when people were all happy about the economy.
Speaker 2 (03:58):
Is that possibly I can definitely remember it real? Are
you feeling positive about twenty twenty six?
Speaker 4 (04:11):
Ah? Well, my two industries are screen and media, and
they are both very tough because of you know, a
totally broken business model, because of the international streamers and
techers being allowed to operate here entirely without regulation, which
is possibly going to relate to a later topic to
(04:32):
the day.
Speaker 2 (04:32):
Yeah, no it is, but that was one of the categories.
You know that when it was looking at the GDP
there were was it sixteen categories and I think fourteen
who were on the improve and that was one of
the categories that wasn't Irene, So you know, obviously con it's.
Speaker 4 (04:46):
Very concerning to me personally, but I think broader too,
because we're talking about you know, the New Zealand voice
and keeping New Zealand and this alive, and that is
actually very important and it's all very well to have
all this wonderful streamed content and so on and so forth.
But if we end up with nothing about New Zealand,
where have we got to?
Speaker 2 (05:07):
Okay, let's talk about that. Because we are seeing an
increasing number of film and and also sport moving to
streaming platforms, and the oscars said that they will exclusively
be on YouTube from twenty twenty nine, which is it,
which is a really interesting move, I think, Irene, what
do you make of it?
Speaker 4 (05:25):
Well, you know, it's going where the audiences are and
so there's an inevitability about it. But you know, I
mean it's two things. Just as a human being, I
kind of think, are we really better off now with
all of these millions of choices? When it used to
be for free? You just got you know, er one
night in La Lord the next night, and Edge of
Darkness the next night, and it was all wonderful and free.
(05:47):
And now it's all over the show and there's no
human shared experience. However, but that's you know, the personal argument.
But yeah, I also would be happy if YouTube were
paying tax in New Zealand and contributing to the industry
that it's plundering.
Speaker 2 (06:03):
Do you have any thoughts on this?
Speaker 3 (06:04):
Lamb can means from all is when I mean there
are serious downsides and arenes articulated some them them. Well,
I mean, part of it's just the loss of a
shared national life, right, and there is because of the
shows that we watched together that the people of microhort,
the millennials, the sort of older millennials, sort of that
last generation where everyone had watched the same thing and
(06:24):
you had these same captural touch points. But in particular
with the sport, because the world of sport is so wide.
You know, when when the machinery of broadcasting sports as
such that you know, you only hear a few sports
in the broadcast like rugby and cricket, and broadcasts really
really well you know everyone, it's a part of our
(06:46):
shared national life, part of our shared national conversation. Now,
like I like it, I love American sports, and we're streaming,
there's you know, you get access to American sports so
much of it, like on Disney Plus right now, the
I think the Chicago Beers and the Green Bay Packers,
and it's so convenient to be able to watch, so
there's a lot more consumer choice and and and that
(07:07):
convenience is always going to win out. But let's not
pretend that actually we are going to lose that distinct this.
The fact is that when you break down barriers to
become more homogeneous, you can't have it both ways. And
he's just going to take the good with the bad.
Speaker 2 (07:21):
But here's what I find really interesting. Irean Apart from Netflix,
all the other streaming services essentially are now following traditional television.
They don't release a whole series all at once, So
there they come along and they go traditional television for
you're on the way out, No one's going to wait
a week to watch a show. That's ridiculous. So they
put all their content out, realize that people binge on
(07:43):
it in a day and then they've got nothing else
to watch. So now that's what they all do. Oh,
it's express, you'll get it once a week.
Speaker 4 (07:48):
So we back watching a notebook.
Speaker 2 (07:50):
Yeah, so, I mean we are now watching traditional television
on streaming services, you know, in the same way that
we watch additional television. We're watching it on streaming services.
Speaker 4 (07:59):
And the tem guide that the listener doesn't work, so
you have to make a little notebook of what's coming.
Speaker 3 (08:05):
Yes and no. I mean the key difference, I think
and when I try to explain to children about watching
my kids that watching and what there was like because
they've got no concept of it. Right, was there the
end that if you missed that, you missed it, that
was it. You miss your chance. You might have to
wait until I was repeated and then you might be
able to see it, so you know, and that is
(08:25):
the key difference. It is the convenience that I think
will always went out as their ability to pull it
up on demand and and and you know, you're you're right.
The workout that actually keep us watching. They want to
they don't want to go to the sort of all
at once. They want to keep us on the hook.
But the fact that you can watch it when it's
convenient and so to me, when I try to explain
(08:46):
what TV is like to my children, it's similar to
explaining about how you wanted to find something out, you
had to go to the library and get a book
and look out the you know what the population of
Paris was, and if the book were here, you couldn't
get an information. It's that alien term that's like that
you couldn't just you can't just pause and watch and
rewatch and things like that. So that we are we
(09:08):
are in the streaming is going to be yet.
Speaker 2 (09:11):
Oh look, so nice to catch up with you before
the end of the year. Liam here and Iron Gardener,
thank you so much both of your contributions to the
panel throughout the year. Have a wonderful Christmas and we
look forward to seeing you in twenty twenty six.
Speaker 1 (09:23):
For more from the Sunday session with Francesca Rudkin, listen
live to News Talks the b from nine am Sunday,
or follow the podcast on iHeartRadio.
You're listening to the Sunday Session podcast with Francesca Rudgin
from News Talks EDB.
Speaker 2 (00:12):
And it is time for the Panelin. Joining me today,
we have Freebann and Hair Loyal. Liam here, good morning,
Good morning to you, and we have journalists if you
producing and commentator Iron Gardner Hi Irene Hi there. Good
to have you both with us. Okay, we've got a
lot of information this week, Liam about the economy. We
had the HAIFU and the GDP ficause we're released. Was
(00:34):
it what you expected?
Speaker 3 (00:36):
Yeah, I mean it sort of reflects what I've seen.
I mean, I've been pretty urish on the economy. I've
be pretty depressed the scare about it as a small
business person. But you know, long last I do kind
of feel that the green shoots are here and it's
reflected and what's sort of quite modest GDP growth, which
is just you know, it's not great, but it's mild
(00:57):
ahead of where we were in midyear, right, and so
so it looks like there is their bank's decision to
hold in straight rather than cut in. It might have
been the right one, and you know, let's just hope
the next year is a good year.
Speaker 2 (01:11):
Are you feeling the same, Irene.
Speaker 4 (01:15):
I think people are feeling all kinds of things. It's
still very, very tough for a lot of people obviously,
and you know, you don't want to sort of gloss
over that, but it is Christmas time and I don't
want to be grinchy, so you know, let's hope that
it is a little bit of good news. Although it
does seem to depend a little bit which economic expertuism,
they also slightly different things.
Speaker 2 (01:33):
Well, I think I think they're all suggesting that we're
not it's not a rip roaring recovery we're heading into that.
We're just we're taking our time. But it feels like
we have kind of peeked around the corner, you know.
Speaker 4 (01:43):
And it's had an expression yesterday I actually sorry, z'd
be listenings. I'm overexposed. I did Tim's panel yesterday with
Shane Henderson, who's a local body politician, and he used
an expression the boardroom are happy, but the kitchen. So
the board table is happy, but the kitchen table isn't
happy yet.
Speaker 2 (02:04):
Well, I think this is the thing, though ly and
we get all these statistics and it's great information to have,
but it does only give us a broad view. It
doesn't tell us about how how New Zealander is a feeling,
how they're coping day to day. Doesn't talk about the
dis distribution of wealth, you know, or tell us how
happy we are, does it. I mean, so, so there
still needs to be a lot of listening done by
politicians going into twenty twenty seven.
Speaker 3 (02:24):
People will never really be all that happy. I mean,
I don't think even in the really good times that
people are that happy. No, it's not really. I mean, look,
here's the thing that's you know, the economy could could
be a lot better, but as you say, it's the
green shoots. You know, it's not time to celebrate or
also happy about it. But these things lag right, and
(02:45):
so it takes time for investment to flow through again.
But when you start to have businesses, and what I've
seen is you start to have businesses borrowing again, not
so much for retrenchment or to be defensive, but borrowing
again to invest and to expand again. That takes a
little wild work its way through. And maybe it starts
in the starts with the boort room. But if the
(03:06):
boardrooms I have, then there's nothing for the kitchen table
later on, and so I'm not I think you'd be
an idiot to oversell it or to be premature about it.
But I suppose the way I kind of feel about
it is that we're finally able to catch it breath.
What's been a pretty prolonged and pretty miserable year so
(03:26):
far with the economy.
Speaker 2 (03:27):
Liam, someone gave me a told me a great quote yesterday.
I'm going to share with you. You can't wait till
life isn't hard anymore before you decide to be happy.
Speaker 3 (03:36):
Well, you're right, it's like having kids, right, Like people
always say, it's not the right time, it's not the
right time. It's never the right time. It's never the
right time. You've just got to make your best of
what time you have. Your hundreds get right.
Speaker 4 (03:50):
Well, I was going to be cheeky and say that
Liam probably hasn't lived long enough to experience a time
when people were all happy about the economy.
Speaker 2 (03:58):
Is that possibly I can definitely remember it real? Are
you feeling positive about twenty twenty six?
Speaker 4 (04:11):
Ah? Well, my two industries are screen and media, and
they are both very tough because of you know, a
totally broken business model, because of the international streamers and
techers being allowed to operate here entirely without regulation, which
is possibly going to relate to a later topic to
(04:32):
the day.
Speaker 2 (04:32):
Yeah, no it is, but that was one of the categories.
You know that when it was looking at the GDP
there were was it sixteen categories and I think fourteen
who were on the improve and that was one of
the categories that wasn't Irene, So you know, obviously con it's.
Speaker 4 (04:46):
Very concerning to me personally, but I think broader too,
because we're talking about you know, the New Zealand voice
and keeping New Zealand and this alive, and that is
actually very important and it's all very well to have
all this wonderful streamed content and so on and so forth.
But if we end up with nothing about New Zealand,
where have we got to?
Speaker 2 (05:07):
Okay, let's talk about that. Because we are seeing an
increasing number of film and and also sport moving to
streaming platforms, and the oscars said that they will exclusively
be on YouTube from twenty twenty nine, which is it,
which is a really interesting move, I think, Irene, what
do you make of it?
Speaker 4 (05:25):
Well, you know, it's going where the audiences are and
so there's an inevitability about it. But you know, I
mean it's two things. Just as a human being, I
kind of think, are we really better off now with
all of these millions of choices? When it used to
be for free? You just got you know, er one
night in La Lord the next night, and Edge of
Darkness the next night, and it was all wonderful and free.
(05:47):
And now it's all over the show and there's no
human shared experience. However, but that's you know, the personal argument.
But yeah, I also would be happy if YouTube were
paying tax in New Zealand and contributing to the industry
that it's plundering.
Speaker 2 (06:03):
Do you have any thoughts on this?
Speaker 3 (06:04):
Lamb can means from all is when I mean there
are serious downsides and arenes articulated some them them. Well,
I mean, part of it's just the loss of a
shared national life, right, and there is because of the
shows that we watched together that the people of microhort,
the millennials, the sort of older millennials, sort of that
last generation where everyone had watched the same thing and
(06:24):
you had these same captural touch points. But in particular
with the sport, because the world of sport is so wide.
You know, when when the machinery of broadcasting sports as
such that you know, you only hear a few sports
in the broadcast like rugby and cricket, and broadcasts really
really well you know everyone, it's a part of our
(06:46):
shared national life, part of our shared national conversation. Now,
like I like it, I love American sports, and we're streaming,
there's you know, you get access to American sports so
much of it, like on Disney Plus right now, the
I think the Chicago Beers and the Green Bay Packers,
and it's so convenient to be able to watch, so
there's a lot more consumer choice and and and that
(07:07):
convenience is always going to win out. But let's not
pretend that actually we are going to lose that distinct this.
The fact is that when you break down barriers to
become more homogeneous, you can't have it both ways. And
he's just going to take the good with the bad.
Speaker 2 (07:21):
But here's what I find really interesting. Irean Apart from Netflix,
all the other streaming services essentially are now following traditional television.
They don't release a whole series all at once, So
there they come along and they go traditional television for
you're on the way out, No one's going to wait
a week to watch a show. That's ridiculous. So they
put all their content out, realize that people binge on
(07:43):
it in a day and then they've got nothing else
to watch. So now that's what they all do. Oh,
it's express, you'll get it once a week.
Speaker 4 (07:48):
So we back watching a notebook.
Speaker 2 (07:50):
Yeah, so, I mean we are now watching traditional television
on streaming services, you know, in the same way that
we watch additional television. We're watching it on streaming services.
Speaker 4 (07:59):
And the tem guide that the listener doesn't work, so
you have to make a little notebook of what's coming.
Speaker 3 (08:05):
Yes and no. I mean the key difference, I think
and when I try to explain to children about watching
my kids that watching and what there was like because
they've got no concept of it. Right, was there the
end that if you missed that, you missed it, that
was it. You miss your chance. You might have to
wait until I was repeated and then you might be
able to see it, so you know, and that is
(08:25):
the key difference. It is the convenience that I think
will always went out as their ability to pull it
up on demand and and and you know, you're you're right.
The workout that actually keep us watching. They want to
they don't want to go to the sort of all
at once. They want to keep us on the hook.
But the fact that you can watch it when it's
convenient and so to me, when I try to explain
(08:46):
what TV is like to my children, it's similar to
explaining about how you wanted to find something out, you
had to go to the library and get a book
and look out the you know what the population of
Paris was, and if the book were here, you couldn't
get an information. It's that alien term that's like that
you couldn't just you can't just pause and watch and
rewatch and things like that. So that we are we
(09:08):
are in the streaming is going to be yet.
Speaker 2 (09:11):
Oh look, so nice to catch up with you before
the end of the year. Liam here and Iron Gardener,
thank you so much both of your contributions to the
panel throughout the year. Have a wonderful Christmas and we
look forward to seeing you in twenty twenty six.
Speaker 1 (09:23):
For more from the Sunday session with Francesca Rudkin, listen
live to News Talks the b from nine am Sunday,
or follow the podcast on iHeartRadio.
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