Young Gifted and Broke (YGB) are a collective of local music types, including Homebrew, @peace, Christoph El Truento, Scratch22 and others, that started up a few years back.
Young Bright and Broke (YBB) is an advertising industry initiative launched on Sept 25 by CAANZ, and sponsored by APN (NZ Herald, Listener). "CAANZ's Young, Bright & Broke is here to engage, inspire and challenge the bright young talent - the future of the communications industry."
"..All the young, bright & broke’uns left the launch charged with four goals to pursue in their careers: responsibility, learning, recognition and joy. They were told the value of nurturing creativity, that even the freshest new-comer has a right to be inspired at work..." From Stoppress
Fans of YGB have been quite vocal on YBB's Facebook page about the similarities in name. YBB have posted this in response...
" It's been a unique few days with lots of discoveries (as is usual in our jobs). A number of people have been unsettled by our name and for this we are truly sorry. Young Gifted and Broke, we love what you stand for - honest mistake." (from Oct 4). No indication they will be changing the name tho.