FILMAKERS FINANCE

JOURNAL

This informative Variety article, “At AFM, Global Incentive Issues Take The Spotlight” by Angus Finney, presents a comprehensive view of how film incentives are being handled across the globe in 2023 and explores the current issues including the impact on the creation of local content with cultural integrity.

The biggest change in the New Zealand Screen Producers Rebate, previously called the New Zealand Screen Producers Grant, has been the introduction by New Zealand Film Commission of an interim payment, usually tied to the end of principal photography. For one qualifying project that Hinterland has recently financed, we have seen a saving of nearly 40% on interest costs.

As for cultural integrity, I believe the 20 points and cultural test rules for the 40% rebate are really clear, objective and well administered by the New Zealand Film Commission.

The full article is well worth the read.