Hobbit tax rebate climbs to $153 mln in year four of production

Thu, 09 Oct 2014

By Paul McBeth Oct. 9 (BusinessDesk) - New Zealand taxpayers have stumped up $153 million via tax rebates for the making of Peter Jackson's Hobbit trilogy after four years of production, according to the firm's latest financial statements. The movie, produced by Warner Bros Entertainment subsidiary 3 Foot 7, reaped $54.6 million through the large budget screen production grant in the 12 months ended March 31, its biggest annual rebate in its four years of production, amounting to about 21 percent of some $257.9 million in annual productio...

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