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Govt to reveal film industry budget boost

NZ Newswire logoNZ Newswire 11/05/2017

The government is about to announce a budget boost of up to $300 million for New Zealand's film industry.

Economic Development Minister Simon Bridges and Arts, Culture and Heritage Minister Maggie Barry are due to make the announcement in Auckland later on Friday morning.

There will be $240m over the next four years to help bring international films productions to New Zealand, Fairfax reports.

A further $63.9m will be committed to ensuring the domestic component of the New Zealand screen production grant continues, the report said.

"You can certainly expect minister Bridges and I to be making an announcement around the New Zealand film industry," Ms Barry told RNZ.

Asked about the $300m figure, she said it wasn't "miles away" from the amount that would be announced.

The allocations are expected to bring more Hollywood blockbusters to New Zealand.

Revenue from film production in New Zealand doubled in 2016 when the screen industry generated $3.3 billion.

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