Australia takes on Hollywood: Scott Morrison donates $ 400 million to lead movie companies to make blockbuster movies Down Under – including Chris Hemsworth’s Thor: Love and Thunder
- Film companies like to make films in Australia because of the success of the corona virus
- But the government’s tax deduction scheme runs out of cash to attract them
- Scott Morrison completes the Location Incentive with an additional $ 400 million
- Ten productions, including Godzilla vs Kong, have already benefited from the policy
Scott Morrison has set aside $ 400 million to encourage production companies to make their films in Australia, creating up to 8,000 jobs per year.
The prime minister is pumping more money into a tax credit called the Location Incentive and extending it by four more years until 2027.
The scheme allows production companies to apply for a total tax reduction of 30 percent – instead of 16.5 percent – making it much more attractive for them to produce films in Australia.
Will Australia be the new Hollywood? Ten productions, including Thor: Love and Thunder, filmed in Sydney, have already benefited from tax breaks. In the photo: Chris Hemsworth as Thor
The prime minister will pump more money into a tax credit called the Location Incentive and extend it by four more years until 2027. The TV series Reef Break (photo) has benefited from the policy
Ten productions, including Godzilla vs Kong, filmed on the Gold Coast, and Chris Hemsworth’s Thor: Love and Thunder, filmed in Sydney, have already benefited from the policy.
In June, Kate Marks, CEO of Ausfilm, said Australia raised additional questions from filmmakers due to its success in dealing with coronavirus, especially compared to the US.
But she warned that many new Down Under projects would not come if the $ 140million Location Incentive, which was nearly depleted after its 2018 launch, would not get more money.
The additional $ 400 million is expected to attract $ 3 billion in foreign spending and create 8,000 new jobs for Aussie workers, including carpenters, light technicians, local actors, set designers, extras, crews and special effects experts.
Preacher Season 4 was filmed in Melbourne. In the photo: Dominic Cooper as Jesse Custer on the show
Scott Morrison has set aside $ 400 million to encourage production companies to make their films in Australia, providing up to 8,000 jobs per year
“This investment is key to our JobMaker plan to create jobs, boost local business and provide training and skills,” said the prime minister.
“These projects are backed by thousands of workers who build and light the stages, feed, house and care for the huge cast and crew and bring the productions to life.
“This supports thousands of Australians making their living in front of the camera and behind the scenes of the creative economy.”
Minister of Communications, Cyber Security and Art Paul Fletcher described the Location incentive as an ‘economic multiplier’.
“It will support the vitality of Australian screen production and support jobs and local businesses,” he said.
“With this additional commitment, the government is telling the world that Australia is an attractive destination for screen production – with great locations, skilled crews, world-class talent, post-production expertise and state-of-the-art facilities.”
The ten productions that have benefited so far are estimated to generate approximately $ 1 billion in expenditures, support 8,000 jobs, and engage more than 9,000 Australian companies.
Which productions have benefited from the Location Incentive?
Godzilla vs Kong: $ 9.5 million for Godzilla vs Kong, recorded at Village Roadshow Studios on the Gold Coast, featuring Millie Bobbie Brown and Alexander Skarsgard.
Reef Break: $ 6.5 million Disney-ABC International Television’s series Reef Break, shot on location on the Gold Coast, starring Australian Poppy Montgomery.
Sample issues: $ 7.7 million for Paramount Pictures’ feature film Monster Problems, set at Screen Queensland Studios in Brisbane, starring Teen Wolf’s Dylan O’Brien.
Preacher Season 4: $ 8.5 million for Sony Pictures Television’s Preacher Season 4 series, shot at Docklands Studios in Melbourne, with showrunner Sam Catlin (writer / producer for Breaking Bad) and starring Dominic Cooper, Joseph Gilgun and Ruth Negga.
Shang-Chi and the Legend of the Ten Rings: $ 24.1 million for Marvel Studios’ Shang-Chi and Legend of the Ten Rings feature films starring Simu Liu, filming at Fox Studios Australia in Sydney.
Thor: Love and Thunder: $ 24.1 million for Marvel Studio’s Thor: Love and Thunder, with Chris Hemsworth reprising his role and filming at Fox Studios Australia in Sydney.
Shantaram: $ 7.4 million for the Paramount Television series, based on Gregory David Roberts’ Australian book, Shantaram, to be filmed at Docklands Studios in Melbourne.
Clickbait: $ 4.9 million for NBCUniversal and Netflix’s Clickbait series, to be filmed at Melbourne’s Docklands Studios, co-created by Australian Tony Ayres (showrunner on The Slap).
Ranger’s Apprentice and The Alchemyst: $ 30.1 million for two feature films produced by Dick Cook Studios, Ranger’s Apprentice based on the book by Australian John Flanagan and The Alchemyst, for filming at Docklands Studios in Melbourne.