US EditionNicola Willis announces $577m film investment at Peter Jackson’s film studio
6 Articles
6 Articles
New Zealand increases film incentives after Trump’s 100% foreign movie tariff
New Zealand will inject NZ$577 million (US$339 million) into its screen production rebate scheme over the next four years, responding to US President Donald Trump’s new 100% tariff on films made outside the United States. The move aims to keep New Zealand competitive as a global filming destination and sustain foreign investment in its NZ$3.5 billion screen industry, which employs about 24,000 people. Finance Minister Nicola Willis announced the…
Govt announces half-billion-dollar boost for film industry
Nicola Willis at Stone Street Studios in Wellington. Photo: RNZ The government is playing catch-up with other countries that provide more generous film production incentives by announcing more than half a billion dollars for the sector.
$577 Million To Support Film And TV Production
“The Budget increase of $577 million across this year and the next four takes total funding for the rebate scheme to $1.09 billion over the forecast period, better reflecting expected demand for the scheme. Settings remain unchanged,” Nicola Willis says.
New Zealand boosts film manufacturing incentives after Trump's 100% tariff plan
Beneath the rebate programme first launched in 2014, eligible productions can entry a money rebate of 20 per cent for manufacturing prices of greater than NZ$15 million for function movies and NZ$4 million for tv exhibits. “Whereas trade incentives are usually not typically our favoured strategy, the truth is we merely will not get the offshore funding in our extremely profitable display screen sector with out persevering with this scheme,” Will…
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