NZ screen industry revenue increases
Total revenue, which includes funding, sales and royalties, for the New Zealand screen industry increased 11 percent to $2,743 million ($2.74 billion) in the 2008 financial year, Statistics New Zealand said.
This growth in revenue was driven mainly by an increase in funding received by screen production companies that totalled $644 million, up from $406 million in 2007.
In 2008, the majority (55 percent) of funding was used to produce feature films. This contrasts with 2007, when over half of the funding was used to produce television programmes.
Funding is sourced from both New Zealand and overseas.
The United States sources increased their funding contribution more than any other country – up to $340 million from $161 million in 2007, making the United States the largest contributor to the New Zealand screen production sector.
New Zealand was the next largest contributor with $276 million.
Further results will be released in August 2009.
Highlights
The New Zealand screen industry recorded total gross revenue of $2,743 million for the 2008 financial year, an 11 percent increase from the previous year.
Expenditure in the Wellington region more than doubled from $128 million in 2007 to $285 million in 2008.
Funding received by screen production companies increased 59 percent to $644 million.
The United States' contribution to the New Zealand screen production sector increased by 99 percent to $481 million.
