(ed: here’s a thought – how about stopping doing this (subsidising this foreign big-movie dinosaur) – and keep half the money – and spend the other $33 million fostering/nursing our own domestic film-makers..we have the writers/talent here – and lower-cost film-making means that $33 million will go a very long way – (and not just straight into the already bulging pockets of big-hollywood investors)..
that would see a booming local film industry…telling our stories – and others…and isn’t that what everyone wants..?..)
Treasury has criticised government subsidies to overseas filmmakers saying the economic return is probably considerably less than the money being paid out.
Eighty million dollars a year is spent on encouraging Hollywood movie-makers to film in New Zealand.
But in documents released to the New Zealand Herald under the Official Information Act – Treasury said the net economic return was likely to be only about $14 million a year.
The estimate has been peer-reviewed by two economic consultancies.
Treasury also said indirect benefits such as increased tourism was difficult to quantify and if attracting tourists was the objective it might be better to put the money directly into that sector.
The Economic Development Minister David Parker said earlier this year that without subsidies the film industry would not exist.