Hollywood seeks bigger NZ subsidy to offset weak greenback

Sun, 07 Oct 2012

Oct. 7 (BusinessDesk) - Hollywood producers want New Zealand to up its 15 percent subsidy for big budget films to offset the higher cost of film-making here caused by the weak American dollar. The producer of Avatar, James Cameron, made the comments on TVNZ's Q&A programme, following Prime Minister John Key's whirlwind visit as his guest to Los Angeles, where he visited major studios and attended a private dinner involving the heads of major US studios. "I wasn’t privy to every discussion," said Cameron of the dinner, where Key circulated amo...

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