I hate subsidies and I fail to see why movie moguls, who make billions, need us to subsidise their movies. It is just corporate welfare and they need to stop bludging too. Bludgers are bludgers no matter what they look like:
The Government is under pressure to raise the 15 per cent subsidy it offers to lure foreign film and television companies, to compete with an Australian proposal raised by Hollywood heavyweights who dined with the Prime Minister this week.
John Key met the heads of Fox, Disney, Warner Bros, Universal, Sony and MGM studios at a dinner hosted by Avatar director James Cameron and his associate John Landau on Thursday with actor Cliff Curtis and Weta supremo Sir Richard Taylor.
The meal followed a day of meetings in Hollywood for Mr Key, including a visit to the set of TV show Body of Proof, where he was introduced to the cast, including former Desperate Housewives star Dana Delany.
Up for discussion at Thursday’s dinner at the Landau home were alleged internet pirate Kim Dotcom, the Trans-Pacific Partnership (TPP) and the 15 per cent subsidy NZ pays film companies to secure their business.
Taxpayers have spent more than $500 million in the past decade subsidising Hollywood productions, including Sir Peter Jackson’s Lord of the Rings. Subsidies for The Hobbit are expected to reach $60 million.