The podcast explores a new local music app offering album ownership as a counter to streaming services, highlights customs' use of underwater robots to detect drug smuggling, and emphasizes small business sustainability and innovative confidence in emerging New Zealand tech.
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Verbatim segments from politicians speaking on podcasts and radio shows about this topic. Sourced via the voice-reference library — each speaker has been confirmed manually from their voice clip. Click play to stream the original audio from the publisher, pre-seeked to the moment the quote starts.
Tell you what I'm loving about this new locally made music app that's been unveiled today. Predominantly it's the confidence that these guys have that this thing is going to work and that it's going to go global. Now, if you haven't caught up on it, let me get you across the details. So the app is called Loom. It's going to launch, I think it's in the next couple of weeks or something like that. On Loom, you're not going to just you're not going to be able to stream music like you do on Spotify. You will buy albums and then you will own those albums. And they will come with some extra stuff if you're a real music nerd as well, you know, bonus material. You're not going to pay us a monthly subscription. You're going to pay $25 per album. Now I don't know if this is going to work, but I think there's a really good chance. I mean, it's got some very good, very smart people behind it. Duncan Greeve, for example, who started the spin-off at a time when everybody else in the media was in retreat. He's very clever at seeing small gaps in the market and then exploiting them. He's got financial backing from the guy who founded Substack. He's got financial backing from the guy who co-founded Letterboxd. He's got financial backing from Lord. It's launching right at a time when people are complaining about the AI slop that's being fed to them by by Spotify and the weird algorithms that bring us music now. It's being launched at a time when young people are nostalgic for owning things instead of just streaming things, when artists are complaining that they do not get enough money from streamers like Spotify. This will give them much, much more money and will give their fans a chance to support them financially. And it's coming at a time when Spotify has jacked up its price again in a never-ending series of small increases that just end up you costing heaps every month. So there is a chance it could work. I mean, I think it's going to be a smaller diehard fan market than the big lazy just press a button to listen to some music Spotify market, but it could work. But what I love the most about it is that the guys who are building this believe it will work. They're already talking about taking it global. Not in a way like maybe one day we can take it global. In a way that is. We're starting in New Zealand. Next we're going to Australia, then we're going to the US and the UK. They're already workshopping what they do with problematic artists like Michael Jackson and R. Kelly and Kanye West, because they think it's going to get to that. They are confident it's going to work. They're already preparing. I love that. I reckon that kind of confidence sometimes is the difference between whether something is successful or not. And I reckon here in New Zealand, we could do with a lot more of that big thinking, don't you think?
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