Friday, April 23, 2010

Taxpayers' bill $200m for blockbusters

"The government's Large Budget Screen Production Grant offers a 15 per cent rebate on production spending in New Zealand above $15m. The Government grant scheme was set up in 2003, and since then movie and television makers have received grants of $199.4m from the Government, after spending about $1.49b, latest figures show.

The makers of science fiction blockbuster Avatar spent more than $307m in New Zealand and qualified for a grant back of almost $45m. Avatar created jobs for up to 900 people at the peak of production in New Zealand."

Versus $2B spent funding productions locally. Either they're both too large, or neither is.

in reference to:

"The Lord of the Rings was a huge money spinner for film-makers New Line Cinema and its parent firm Time Warner shareholders. It is the best-selling trilogy ever, grossing US$2.9b since the first film came out in 2001."
- Taxpayers' bill $200m for blockbusters | (view on Google Sidewiki)

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