NZ screen revenue shrinks for first time in five years

Tue, 09 Apr 2019

By Paul McBeth April 9 (BusinessDesk) - New Zealand's screen industry revenue shrank for the first time in five years as fewer big-budget films were produced and television broadcasting activity declined. Total screen industry revenue shrank 8 percent to $3.28 billion in 2018, the first time it's contracted since 2013, Stats NZ figures show. The bulk of the decline was in production, where revenue shrank by a fifth to $1.01 billion; there was also an 11 percent drop in TV broadcasting to $1.21 billion. "We had a big year in 2017 for...

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