New Zealand gets $6.11 back for every $1 spent on screen grant – report

by Stuff — 11 May 2022

For every dollar spent on New Zealand’s screen production grant, the country gets back an additional $6.11, according to a new report.

The report, commissioned by the New Zealand Film Commission, has not yet been released but an initial draft said the sector’s economic output between 2014/15 and 2020/21 was $10 billion.

It found that in the 2020/21 year, spending on the sector reached its highest recorded level at $985 million. And it showed that government spending on screen has grown at an average rate of 20% between 2014/15 and 2020/21.

Read the original article here.