Feature Films Drive Screen Sector Growth

9 April 2013

Feature Films Drive Screen Sector Growth

Feature film revenue increases by 47 per cent

Statistics released today show screen industry revenue is up 10 per cent to $3.29bn - driven by a 47 per cent increase in feature film revenue (to $1.04bn).

Statistics New Zealand has just released its Screen Industry Survey: 2011/12, which covers the period from 1 April 2011 to 31 March 2012.

The production and post-production sector grew almost 20 per cent for the year. Within that post-production generated $138m (31 per cent) more than in the previous year.

There were a total of 40 feature films completed in the year, five more than the previous year.

"It's fantastic to see our sector continuing to grow with the help of films that create revenue and employment and draw the world's attention to our industry, its capability, and New Zealand as a place to visit and do business" says New Zealand Film Commission Chief Executive Graeme Mason.

"We know things are busy - we are currently involved in more than 20 local feature films in various stages of pre-production, production, post-production and release and administer the Government's Screen Production Incentive Fund (accessed by projects such as Jane Campion's Top of the Lake (pictured)) and the Large Budget Screen Production Grant (for projects like Sir Peter Jackson's The Hobbit films)."

"I also want to take my hat off to the independent films being made out there - together these efforts are having a huge impact on a screen sector going from strength to strength" Graeme Mason says.

Of the total 2,667 business working in production and post-production for the year, 1,344 worked in film.

ENDS

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