A scathing piece on the NZHerald covers the recent news that the folks in charge of Lord Of The Rings prequel “The Hobbit” have decided to shoot it in New Zealand afterall. What finally changed their mind? A two-fold concession of the government: First to offer another $10 Million (in addition to the previous $50 Million) in tax breaks, and second to offset marketing costs by another $13.4 Million. So for $23 Million dollars (after the existing $50 Million), the New Zealand government “bought” The Hobbit production.
This was about the shooting of just two films. If the industry cannot stand the loss of them, it must be in a sickly state. It was surely over-egging matters to suggest all international film-makers would sidestep this country as a consequence.
Indeed, at some stage, the local film industry should, like virtually every other New Zealand enterprise, be able to survive without subsidies. The talent and skills of local film-makers, along with outstanding scenery, should be the attraction for Hollywood moguls.
It’s only good business to shoot the film where the best offers are, but it seems ridiculous for national governments to be offering such staggering amounts of money for the “privilege” of hosting such a film. Sure it generates tourism and boosts the local economy a bit, but to the tune of $75 Million?
via Editorial : Price to keep Hobbit in NZ is extortionate – Employment – NZ Herald News.
NZ got punked big time WB.Your actors union cause them a great excuse to try and get some more tax breaks and in the in they were never going to move it.Face it NZers you got played and WB won big time, you guys rolled over or should i say bent over and got it in the ass.WB-75 million,NZ 0 plus loss of respect to all Americans who now know NZ not only bends but they break.