Ummmm! So Mr Bishop says we need to have an extra 20 concerts a year because we are missing out on hundreds of millions of dollars. So each concert generates an extra $10 million ?? Yeah right !
No wonder the country is in the crap with comments like that.
The country gets overseas $$$ from stadium hire, hotel and restaurant for the band and crew and some local hire.The band takes the bulk of the ticket revenue OUT of the country. Its a net loss for NZ.
As has been pointed out concert ticket money is discretionary spending. Its already in the system. Someone who has cash for a ticket would probably spend that money somewhere else in NZ if the concert wasnt on.
Subsidising concerts is BS economics. If you want to get overseas revenue do a multi million $ overseas advertising campaign to get foreign tourists to bring foreign capital and spend it in NZ
No wonder the country is in the crap with comments like that.
The country gets overseas $$$ from stadium hire, hotel and restaurant for the band and crew and some local hire.The band takes the bulk of the ticket revenue OUT of the country. Its a net loss for NZ.
As has been pointed out concert ticket money is discretionary spending. Its already in the system. Someone who has cash for a ticket would probably spend that money somewhere else in NZ if the concert wasnt on.
Subsidising concerts is BS economics. If you want to get overseas revenue do a multi million $ overseas advertising campaign to get foreign tourists to bring foreign capital and spend it in NZ
Bishop's comments are based off an Independent University of Auckland report.
There is no given that a person's discretionary spending on an EP concert, would be channelled somewhere else into the domestic NZ economy as an alternative.
Since the Covid buying binge ended, the NZ economy has staggered along and consumer spending has basically ground to a halt. Ask any furniture or spa pool retailer. But once the borders reopened Kiwis couldn't get wait to go travelling overseas again. It's the one spending sector that has remained strong from 2022 (borders opening) to now - Overseas travel.
Taylor Swift bypasses NZ, thousands of Kiwis (Air NZ put on extra flights) jump on a plane to Sydney & Melbs to spend their hard earned in Oz. NZers spend millions in Australia each year on short trips across the Tasman attending events from Bathurst to the Melbourne Cup to an opera at that big building in Sydney Harbour.
It's the same logic all around the world as to why cities scramble to entice artists, sports events etc to come to their cities. Pretty much every State Govt in Australia is trying to get the Matildas to play in their patch by offering financial assistance to the FA through their State Tourist boards.
And then there is just the hard to measure stuff of living in a city that's perceived as really vibrant and exciting. I remember when younger, coming across Euro backpackers in NZ, and asking for their thoughts on Aotearoa. 'Beautiful to visit, but a bit too quiet and dull to live in, we are off to work in Sydney' - was fairly common.
I mean these are yes young folks in their 20s, a bit like us all going to London in our droves at a similar age. But hey NZ is in a competitive market for trying to entice in young skilled immigrants. Not every construction engineer from Manchester wants to do quiet bush walks like NIMBY Helen. Some just want get on the lash and watch Oasis live.
https://www.rnz.co.nz/news/business/574110/eden-park-concerts-can-become-bigger-money-spinners-for-auckland-report-says
"Put simply, it shows how events at the stadium support local businesses, create jobs, attract visitors, and ultimately enhance Auckland's global profile," the report said.
Concerts delivered the largest returns, it said.
"A typical large concert adds around $8.3 million to Auckland's GDP, supports 114 [full time equivalent] jobs, and generates $4.3 million in household incomes per event night.
"Medium-large concerts also have substantial impacts, averaging $6.4 million GDP, 88 [full time equivalent jobs], and $3.3 million in household incomes per event night."
What independent like Bill English’s independent report? Or the stunning ‘independence’ of the reserve bank? Even Trump hasn’t f’d with the central bank that badly. That should be an enormous scandal and resignations of the finance minister and others. But NZ.
And dear Coochie mate, the NZ Knights were never winning the league and Taylor Swift was never freaking coming here. That was a PR lie.
I know you gotta go into bat for your team, but you are just giving examples of exactly why this crap is a winner:
a) It fires you up to take cheap shots at Helen Clark. Current reference, but
the base digs that sharke.
b) it avoids you talking about the bollocks that is RONS or the privstisation and downgrading of our health system or the failure to solve the country’s infrastructure or inflation issues by making councils or individuals bear all the costs. Prices go up and those avoiding responsibility wage fingers.
Your quotes don’t back up any increase in the pie or the economy at all.
They show money that might have gone into a local restaurant, or brewery or venue in the provinces being sluiced up into Auckland. And not all of Auckland. The AirBnbs of people who own property and Eden Park, who is already mugging the council and the government and trying to grab any public festival or event.
114 jobs is great. If that’s not a highly massaged bollocks hypothetical stat. But this government has seen 30,000 onto the scrap heap, real jobs gone, while blaming them for it with no evidence, because they’ve cut infrastructure, investment and the normal sustainable underpinnings of a long term economy.
Spending on necessities create sustainable growth, and that’s 30,000 people cutting back on necessities.
Oh yeh- it was John Key whose cycle ways legacy is now evil because culture war. And considering the money pumped into the 100% pure branding, we’re now underfunding maintenance on our great rides and great walks. That’s certainly some export dollars we’re risking. Not hypothetical ones.
And failing to build and plan around the CRL, failing to have public housing and proper mental health treatment so people end up living downtown rough, doesn’t show much care for the nightlife of a city either. It takes the fun out of it somehow…As does Chris Bishop coming to the music awards and loudly calling any te reo boring.
They don’t care about the nightlife, they care about getting as much cash to Eden Park as possible and avoiding people asking why so many of the doctors, nurses and teachers in the country are furious with them.
And why they give concessions to the booze industries in areas with problem drinking and opposition from the communities and police saying violent crime would likely rise.
Eden Park should look at themselves. And they should have had realistic council scrutiny, not a meeting at the Northern Club. Why didn’t they get AFC at Eden Park? How is the OFC pro league really going to benefit from a huge empty stadium? Why is Auckland rugby and cricket wanting to move?
They don’t match community need- they’re a stadium designed for the All Blacks, Rugby World Cups and (Women’s )World Cups. That’s it. They’ve removed the features that suited test cricket. It’s a bad venue for other cricket, with short boundaries.
And now Western Springs is going to be a music and rugby venue too. We’re subsidising both sides of the ‘market’ competition. And both seem to have enormously flawed models.
I mean we’ve talked all this out in these stadium threads for over ten years.
A cities’ economy is more than untaxed property investment and a heavily subsidised Eden Park. It needs housing, infrastructure and transport plans that match up. And the fact its transport has done so well, since the 90s is no thanks to this lot. You cut incomes, you cut services , you fail to investment even to simply match depreciation and your economy doesn’t grow or it’s illusory growth with only immigration sustaining it.
Nothing like two people who don’t live there fighting over Auckland’s future!
Ugg. Avoiding work. Maybe can call it sick leave 😉. Coffee and lunch time.