The Herald reports that the Hobbit will be filmed in New Zealand:
The Government will introduce legislation tomorrow to clarify the distinction between independent contractors and employees as it relates to the film industry only.
“This will guarantee the movies are made in New Zealand,” Mr Key said.
Tax rebates will also be changed for Warner Bros, which will mean up to an extra US$7.5m per movie for Warner Bros, subject to the success of the movies.
- Government will tomorrow introduce a bill to clarify law on contractors for the film industry (only)
- A widening of the criteria for major film tax rebates which will come up at US$7.5m per film
- Govt to commit US$10m towards marketing of the films, in exchange for NZ tourism information being included in materials such as DVDs
A very John Key touch, that last point – including a tourism ad on a major studio film DVD is probably worth a lot more than ten million dollars in international marketing costs. Seems to me that the studios demands and the deal made around taxes lets the CTU walk away with their head held high as well – their talking point was that this was about a tax deal all along. I can’t see Kelly being offered a high spot on the Labour list though . . .