economic incentives

Financial movie magic to drive ongoing economic boost for New Zealand

Better to have a little of something rather than everything from nothing. ?The Key government has found the balancing point where we can ?keep our word leading talents at home, off the dole queue, and part of making a superior product that will continue to highlight New Zealand as a great filming destination. ?Nick Perry at the Herald reports

Fuelled by politicians giving out generous tax breaks, film-making talent is migrating to where the money is. The race allows powerful studios with hundreds of millions of dollars at their disposal to pick the best deals.

This month, James Cameron announced plans to shoot and produce the next threeAvatar?sequels largely in New Zealand.

Cameron gets a 25 per cent rebate on production costs, as long as his company spends at least $500 million on the three films.

“There’s no place in the world that we could make these sequels more cost effectively,” says producer Jon Landau. It is neither the country’s volcanoes nor its glaciers that are attractive, because the?Avatar?movies will be shot indoors.

“We looked at other places,” said Landau. But in the end, “it was this rebate.”

The wreckers and haters on the left continue to say this is a bad idea. ?Labour and the Unions apparently prefer people to not work to somehow retain some ideologically pure poverty that comes from not being able to find any work.

The logic escapes me. ? Read more »