Big news for the film industry today, with the Government announcing a major boost to the screen production rebate scheme.
The rebate allows film companies and producers to receive cash back from money spent here during production.
The main changes revealed this morning are that the current rebate could go from 20 to 25 percent, the minimum spend for feature films to qualify for the rebate will be lowered, and the threshold for productions to access the extra 5% will drop ... to help attract more bid budget productions.
It's hoped that changes - that come into force from January - will lift our competitiveness against other countries around the world.
Kelly Martin is the CEO of South Pacific Pictures and talks to Jesse.
Filming in Auckland Photo: HAYKIRDI/Getty Images/ATEED
