NZ Cuts Film Assistance Budget

Posted May 30, 2006 12:54 pm by Tirian

The New Zealand Herald reports that the film assistance budget used for large-scale productions like The Lion, the Witch, and the Wardrobe and King Kong has been halved. “Economic Development has had its allocation cut from $361.2 million to $286.5 million, with a large portion of the difference coming from a halving of the large budget screen production fund. This assistance fund came under fire this year when an economic evaluation by the Treasury cast doubt on its impact.” This news comes at a time when the production for Prince Caspian is reportedly deciding between New Zealand and Ireland as a shooting location for the second film. Read the entire story here…