5 Nov 2014

Business Briefs

2:10 pm on 5 November 2014

A round-up from Radio New Zealand's business reporters - Snakk Media has launches new product, Productivity Commission wants comment on land rules, and Expedia gets Wotif.com go ahead.

Snakk Media launches TV Sync

Snakk Media has launched a new product called TV Sync which allows brands to synchronise advertisements over television, mobile and tablet devices.

The company says the firm, Vizeum, is using TV Sync to run a media campaign to promote a new Peugeot vehicle in New South Wales.

That campaign is scheduled to run throughout November and December.

Snakk Media says it is working closely with other agencies on opportunities to help advertisers achieve higher engagement levels.

Productivity Commission wants comment on 'Using land for housing'

The Productivity Commission wants comment from industry, local authorities and the public on ways to improve how local government makes land available for housing.

Submissions on the Commission's issues paper "Using land for housing" can be made until 22 December.

Commission's chair Murray Sherwin said housing affordability was a key challenge facing New Zealand especially in growing cities.

He said the limited availability and high price of land was a concern when housing was becoming difficult to access for many.

Expedia gets Wotif.com go-ahead

The Commerce Commission's given the go-ahead for the online travel agent, Expedia, to purchase up to 100 percent of the shares of Wotif.com Holdings Limited.

Expedia is a global travel agency for accommodation, flights, vacation packages, car hire and other retail travel products.

Wotif is an Australian-based travel agency that provided online booking services for accommodation, flights, travel packages and other travel products.

The Commission said it was satisfied the merger would not reduce market competition.