New Zealand film and TV sector recovery package announced
The New Zealand Government has announced a special screen sector recovery package aimed at protecting the $3.3 billion, 16,200 job New Zealand screen industry in the wake of COVID-19.
The package includes a $73.4 million screen production fund. The funding is aimed at ensuring that more than 230 productions that employ thousands of New Zealanders are not abandoned due to additional costs, and to safeguard the significant public funding already invested in film projects in New Zealand. $50 million of the package will be used to produce up to five feature films or limited series screen productions. The remaining $23.4 million will be distributed through NZ On Air and the New Zealand Film Commission to provide funding to screen productions that have been shut down, delayed or constrained by COVID-19 restrictions.
New Zealand already funds film productions through its usual grant process (details of which can be found here). The additional recovery package follows $140 million in funding announced in the Government’s budget to cover New Zealand’s ongoing commitments under the New Zealand Screen Production Grant for International Productions. This grant has attracted a number of international productions such as the Avatar sequel and Amazon’s upcoming television series based on The Lord of the Rings, amongst many more.
The recovery package shows that the Government recognises the impact that COVID-19 has had on the New Zealand screen industry and is motivated to take steps to mitigate these effects and to continue to support the industry to grow.
Further detail on our film and media practice can be found here.