{"id":110589,"date":"2021-04-16T08:07:32","date_gmt":"2021-04-16T13:07:32","guid":{"rendered":"https:\/\/www.theonering.net\/torwp\/?p=110589"},"modified":"2021-04-16T08:07:33","modified_gmt":"2021-04-16T13:07:33","slug":"new-zealand-awards-amazon-extra-subsidy-for-the-lotr-inspired-tv-series","status":"publish","type":"post","link":"https:\/\/www.theonering.net\/torwp\/2021\/04\/16\/110589-new-zealand-awards-amazon-extra-subsidy-for-the-lotr-inspired-tv-series\/","title":{"rendered":"New Zealand awards Amazon extra subsidy for the LOTR inspired TV series"},"content":{"rendered":"\n

Amazon will get an additional 5% from more New Zealand’s Screen Production Grant, Reuters<\/a> reports today. <\/p>\n\n\n\n

(Reuters<\/a>) New Zealand said on Friday it has agreed to give Amazon\u00a0(AMZN.O)<\/a>\u00a0extra rebates on its expenses for the filming of “The Lord of the Rings” TV series in the country, hoping to reap multi-year economic and tourism benefits.<\/p>

Amazon will get an extra 5% from New Zealand’s Screen Production Grant in addition to the 20% grant the production already qualifies for, the government said in a statement.<\/p>

Amazon is estimated to be spending about NZ$650 million ($465 million) filming the first season of the show, for broadcast on its Amazon Prime streaming platform, meaning it would be eligible for a rebate of about NZ$162 million ($116 million), the government said.<\/p>

“The agreement with Amazon … generates local jobs and creates work for local businesses,” Economic and Regional Development Minister Stuart Nash said in a statement. “It will enable a new wave of international tourism branding and promotion for this country.”<\/p>

The first season entered production in Auckland last year with more than 1,200 people employed. Approximately 700 workers are indirectly employed by providing services to the production, the government said.<\/p>

U.S.-based Amazon media officials weren’t immediately available for comment outside regular U.S. business hours.<\/p>

($1 = 1.3976 New Zealand dollars)<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

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