New Zealand awards Amazon extra NZ$162 million subsidy for Lord Of The Rings TV series
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CNA Lifestyle
New Zealand awards Amazon extra NZ$162 million subsidy for Lord Of The Rings Idiot box series
HOLLYWOOD, CA - FEBRUARY 29: Cast members from The Lord of the Rings attend the 76th Annual Academy Awards at the Kodak Theater on February 29, 2004 in Hollywood, California. (Photograph: AFP/Frazer Harrison)
New Zealand said on Friday (Apr sixteen) it has agreed to give Amazon extra rebates on its expenses for the filming of The Lord of the Rings Telly series in the country, hoping to reap multi-yr economic and tourism benefits.
Amazon will get an extra 5 per cent from New Zealand's Screen Product Grant in addition to the 20 per cent grant the production already qualifies for, the authorities said in a argument.
Amazon is estimated to be spending about NZUS$650 million (S$619.half-dozen million) filming the first season of the bear witness, for broadcast on its Amazon Prime streaming platform, meaning it would be eligible for a rebate of nigh NZUS$162 1000000, the government said.
"The agreement with Amazon ... generates local jobs and creates work for local businesses," Economic and Regional Development Minister Stuart Nash said in a statement. "It will enable a new wave of international tourism branding and promotion for this country."
The first season entered production in Auckland last year with more than than 1,200 people employed. Approximately 700 workers are indirectly employed by providing services to the production, the government said.
US-based Amazon media officials weren't immediately available for comment outside regular US business hours.
(Reporting by Praveen Menon; Editing by Kenneth Maxwell)
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