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October 28, 2010 - The Hobbit / films will remain in New Zealand
Scooped on Thursday, October 28, 2010
The New Zealand government has reached an agreement with Warner Bros. to keep The Hobbit production in the country. As part of the negotiation, the country will pay $10 million to the studio to help market the movie as well as give additional tax incentives that will save the studio another $7.5 million dollars.
While it's highly unusual for a country to agree to help defray marketing costs for a movie studio, New Zealand stands to gain many times back their investment by keeping The Hobbit shot in their lands. The Lord of the Rings films have drawn international attention to New Zealand and catapulted the country to a world destination status.
Another concession from the local government was a promise to alter the employement laws, making it easier for foreign big-budget films to hire workers and cast members as independent contractors.
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