More news coming from MSN NZ: Govt shake-up of film tax breaks afoot
Economic Development Minister Steven Joyce says the Film Commission and Film NZ are still in talks with Cameron, but he’s indicating there’ll be no repeat of the extra $67 million in tax breaks given to Warner Bros to keep The Hobbit films in New Zealand.
“[Industry groups are] acting as if Avatar had been finally decided for New Zealand, which of course it never had.”
My last post suggested that NZ avoid giving subsidies to US studios looking to game them into a bidding war and focus on local productions instead. It seems the NZ government wants to do that also:
He added that the government has given about $411m in tax breaks to films since taking office in 2008, and it is now looking at angling those subsidies toward New Zealand productions.