While still the dominant player in Kiwi television through TV One and TV2, TVNZ says competition today is coming from YouTube and Google, not TV3, as consumers seek out online video content.
TVNZ is taking advantage of its expertise in content, especially news and current affairs.
Kenrick said that its news and current affairs infrastructure - "reporters, presenters, studios and camera people" - was as central to the growing online video market as sport was to Sky TV.
Under his predecessor Rick Ellis, TVNZ focused on distribution and technology in its five-year strategy, entitled "inspiring New Zealanders on every screen".
TVNZ needed to develop technology but, with bandwidth improvements and the consumer shift to tablets, the focus was back on video content.
Kenrick said additional investment may be needed for TVNZ to capitalise on news and current affairs, which was central to TVNZ's growth online.