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New Zealand gov't reaches deal to keep 'Hobbit' films
Source: Agencies |
October 27, 2010, Wednesday
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New Zealand will remain the home of "The Hobbit" after the government struck a US$25 million deal with Warner Bros. and promised labor law changes to stop the film studio from relocating the big-budget movie production.
A short-lived union boycott prompted Warner Bros. representatives to travel to New Zealand this week to review the studio's decision to shoot Peter Jackson's two-part adaptation of J.R.R. Tolkien's fantasy in New Zealand.
Fearing the loss of the project worth an estimated US$500 million and damage to the reputation of New Zealand's fledgling film industry, Prime Minister John Key stepped in, negotiating a deal to keep the project that was announced late today.
"An agreement has been reached between the New Zealand government and Warner Bros. that will enable the two Hobbit movies to be directed by Sir Peter Jackson to be made in New Zealand," Key told a news conference.
Jackson's adaptation of Tolkien's "Lord of the Rings" was shot in his home country of New Zealand and garnered major international publicity for New Zealand. Warner Bros. sold nearly US$3 billion worth of tickets at the box office, and the filmmaker and his team won 11 Academy Awards in 2003, including best film.
Economists said the loss of "The Hobbit" could cost New Zealand up to US$1.5 billion and the danger of losing the film brought thousands of protestors into the streets in the past week.
Key said the government would introduce legislation into parliament tomorrow to change local labor laws at the heart of the dispute over "The Hobbit" which sparked protests on the streets across the country over the past week.
The row erupted when actors' unions said the movie's producers would not allow them to negotiate a minimum wage and working conditions for their members.
Key said laws would be changed to clarify the differences between a contract worker and a movie production employee.
"We will be moving to ensure that New Zealand law in this area is settled to give film producers like Warner Bros. the confidence they need to produce their movies in New Zealand," said Key.
As part of the deal, New Zealand will also expand its film subsidy program for big budget movies, providing an extra US$7.5 million tax rebate for each "Hobbit" movie on top of the usual 15 percent.
Key said Warner Bros., a unit of Time Warner Inc, also agreed to a joint marketing deal with the New Zealand government which would promote the country as a film production and tourism destination.
The government will offset US$10 million of those costs.
A short-lived union boycott prompted Warner Bros. representatives to travel to New Zealand this week to review the studio's decision to shoot Peter Jackson's two-part adaptation of J.R.R. Tolkien's fantasy in New Zealand.
Fearing the loss of the project worth an estimated US$500 million and damage to the reputation of New Zealand's fledgling film industry, Prime Minister John Key stepped in, negotiating a deal to keep the project that was announced late today.
"An agreement has been reached between the New Zealand government and Warner Bros. that will enable the two Hobbit movies to be directed by Sir Peter Jackson to be made in New Zealand," Key told a news conference.
Jackson's adaptation of Tolkien's "Lord of the Rings" was shot in his home country of New Zealand and garnered major international publicity for New Zealand. Warner Bros. sold nearly US$3 billion worth of tickets at the box office, and the filmmaker and his team won 11 Academy Awards in 2003, including best film.
Economists said the loss of "The Hobbit" could cost New Zealand up to US$1.5 billion and the danger of losing the film brought thousands of protestors into the streets in the past week.
Key said the government would introduce legislation into parliament tomorrow to change local labor laws at the heart of the dispute over "The Hobbit" which sparked protests on the streets across the country over the past week.
The row erupted when actors' unions said the movie's producers would not allow them to negotiate a minimum wage and working conditions for their members.
Key said laws would be changed to clarify the differences between a contract worker and a movie production employee.
"We will be moving to ensure that New Zealand law in this area is settled to give film producers like Warner Bros. the confidence they need to produce their movies in New Zealand," said Key.
As part of the deal, New Zealand will also expand its film subsidy program for big budget movies, providing an extra US$7.5 million tax rebate for each "Hobbit" movie on top of the usual 15 percent.
Key said Warner Bros., a unit of Time Warner Inc, also agreed to a joint marketing deal with the New Zealand government which would promote the country as a film production and tourism destination.
The government will offset US$10 million of those costs.
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