CORRECT Hobbit tax rebate swells to $67.1 mln in second year of production

Mon, 26 Nov 2012

(Fixes extra government subsidy figure in 10th graph) By Paul McBeth Nov. 26 (BusinessDesk) - New Zealand taxpayers lent a $67.1 million helping hand via tax rebates for the making of Peter Jackson's movie The Hobbit in the first two years of actual production, according to its financial statements. The movie, produced by Warner Bros Entertainment subsidiary 3 Foot 7, reaped $46.9 million from New Zealand's large budget screen production grant in the 12 months ended March 31, according to statements lodged with the Companies Office. That a...

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