December 11, 2017

Hollywood Reporter: New Zealand’s Film Industry Worth $720M to Economy

By Pip Bulbeck, Hollwood Reporter, 8 Dec 17

The New Zealand screen industry contributes around NZ$1.05 billion ($718 million) to real GDP and around $483 million to exports annually, according to a new economic study released by the New Zealand Film Commission (NZFC).

Economic modeling done by the New Zealand Institute of Economic Research (NZIER), based on the most recent available data (2015), estimates that without the industry’s major incentive, the International New Zealand Screen Production Grant (NZSPG), exports would shrink by $175 million, household consumption by $98 million and real GDP by $120 million per annum.

To read more:

https://www.hollywoodreporter.com/news/study-new-zealand-s-film-industry-worth-720m-economy-1065640

December 11, 2017

Mystery in film revenue

By Tracey Roxburgh, 6 Dec 2017

A big drop in reported film industry revenue in the South can only be explained by an industry survey not capturing all the activity in the region, a local film boss says.

The film industry generated about $21million in revenue for the wider Otago-Southland region in the 2016-17 financial year - down from $35million the year before.

However, Film Otago Southland executive manager Kevin Jennings believes there is an issue with Statistics New Zealand's Screen Industry Survey report, which lists film industry revenue around the country each year.

''I find it interesting because both productions and shoot days have increased [in the southern region], yet that number's dropped ... I don't think it's capturing everything,'' Mr Jennings said.

To read more, visit:

https://www.odt.co.nz/regions/mystery-film-revenue

December 08, 2017

Hobbit Law II: Will the sequel keep the movie gold coming?

An article written by Matthew Theunissen of the NZ Herald, 8 December 2017

Minister Iain Lees-Galloway

Film Auckland is firmly committed to a thriving and successful screen ecology that benefits the wider economy.It will work to help find common grounds to ensure that the screen sector continues to develop and grow.

To read Matthew's article, visit http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11954391

December 08, 2017

NZFC RELEASES ANNUAL REPORT FOR 2016-17

Film Commission Chair Kerry Prendergast said, “We are farewelling Dave Gibson at the end of the calendar year, and this annual report reflects the strong leadership and direction he has given the NZFC.

To reasd the full report, visit: http://www.nzfilm.co.nz/news/nzfc-releases-annual-report-for-2016-17#.WiX94gTSMqM.facebook

December 08, 2017

3 Reasons China's $8 Billion Wanda Qingdao Studio Is A Bust

From the moment it opened for business, the shiny, new, “biggest in the world” Wanda Qingdao Studio has sat mostly unused, an albatross that its builder the Wanda Group was forced to unload and sell to its real estate rival, Sunac China Holdings. 

To read more about why this occured, visit: https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/robcain/2017/11/30/3-reasons-why-chinas-8-billion-wanda-qingdao-studio-is-a-bust/&refURL=https://www.facebook.com/&referrer=https://www.facebook.com/#3d34df73298e

December 08, 2017

The economic contribution of the screen industry

NZIER’s economic modelling demonstrates that without the New Zealand Screen Production Grant, exports would shrink by $257 million, household consumption by $144 million and real GDP by $176 million.

The report also highlights the spin-off economic benefits for other industries such as tourism. Screen sector wages are growing faster than average wages and the New Zealand Screen Production Grant has attracted the kinds of high paying post-production jobs that New Zealand needs more of to lift living standards.

To read and/or download the full report, visit https://nzier.org.nz/publication/the-economic-contribution-of-the-screen-industry