Peter Jackson's Wētā FX makes $82m loss

Peter Jackson is a major shareholder in the company, with his wife Fran Walsh. (Image: Getty)

Wed, 11 Sep 2024

Filmmaking Wellington power couple Peter Jackson and Fran Walsh’s visual effects and animation outfit Wētā FX has made a loss for two years running.In annual earnings lodged with the Companies Office on Friday, Wētā FX made a total comprehensive loss of $82.1 million in the year to the end of March.Because the company reduced the cost of sales by 16% to $295m, Wētā FX losses improved from $106m in 2023 despite a 1.6% fall in revenue. Revenue fell by 13.5% in NZ to $320m, while income gener...

Unlock all stories free for 10 days

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

We won’t charge for 10 days. You can cancel anytime with two clicks, an email or a phone call. Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

You will be charged in 10 days unless you cancel beforehand.
We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Property

Du Val Lakewood Plaza entities owe $16.2m

Not a cent of what's owed over the Manukau apartment tower has been paid, BDO says.

Maria Slade 1:35pm

Energy

Activist investor doubles down on calls BP changes

Bluebell is pushing BP to remove its chairman and lead independent director.

The Wall Street Journal 10:00am

Activist investor doubles down on calls BP changes

The Quiz Free

QuiznessDesk: Tuesday, Oct 15

Take a break; take our quiz.

The Quizmaster 9:15am

Sponsored

Cloud can be an engine for top-line growth

New report reveals AI impacting cloud platform choices.

Datacom

Sponsored

Businesses struggle to manage skyrocketing tech costs amid AI boom

A new report shows only 57% of Australia and New Zealand leaders have a clear understanding of their tech expenses.

Cognizant

More Media

Media

Influencers reshaping how young get political news

Popular TikTokers commanding huge audiences on social media.

The Wall Street Journal 12 Oct 2024

News in Brief

2degrees wins big education contract previously held by Spark

2degrees has won a big education contract previously held by Spark.Network For Learning (N4L), the Crown company that provides tech services for students and teachers, recently under fire over inappropriate content, has just signed contracts running through to 2031 with 2degrees...

Staff reporters 07 Oct 2024