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Lord of the Rings.
Like all screen productions based in New Zealand, UAP qualified for a 20 per cent rebate on nearly every dollar spent here. But economically significant productions are invited to apply for a 5 per cent uplift, taking the subsidy to a full 25 per cent.
The Auckland meetings were about negotiating what New Zealand would get for that 5 per cent.
For a TV series looking at filming for a decade, that 5 per cent equates to tens of millions of dollars. But getting the money isn’t easy. The Government requires each production to sign a Memorandum of Understanding to make sure that the country gets the “significant economic benefits” the productions promise. ....

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