Is this the nation’s biggest hypocrite?
South Pacific Picture’s John Barnett is calling in a Herald article for more IP to be retained in NZ.
In the case of The Hobbit, Peter Jackson has significant control over the actual production and undoubtedly owns a piece of the benefits, but for The Last Samurai or 10,000 Years BC or Yogi Bear no New Zealand IP was created or retained.
But the Government could take a leaf out of the Australian/German/Canadian incentive schemes, where a portion of the incentive is only available to an actual locally domiciled producer.
This creates local IP, and it also pushes local producers into the front line and turns them into sales people for New Zealand, not as price takers, but with a real tool in their kitbags.
That producer comes to the negotiating table with the strength of being the conduit through which the rebate funding flows.
This is a very strong hand and it means IP remains in New Zealand with that New Zealand domiciled producer. Once upon a time it may have been folly to suggest this, but given the reputation of our leading producers’ the ability to bring money (the Rebate) in exchange for a piece of the profit, is not unrealistic.
This is the same John Barnett who earlier this year sold South Pacific Pictures to a UK company which now owns 100% of its IP as, er, reported in the Herald: Read more »