NZ Actors Equity has appealed for the finger pointing over the The Hobbit movies to stop and a constructive solution to be found.
In a statement, the union says everyone wants the same thing, to have The Hobbit made in New Zealand, and it's time to put emotion aside and move forward.
An ANZ economist has estimated the cost of losing The Hobbit at $2 billion.
And the Screen Production and Development Association says the dispute puts $100 million dollars worth of projects at risk - two films and a television series, though the titles of these productions could not be confirmed.
Meanwhile, Auckland actor Mark Harrison says the industry is 'petrified' that filming of the two-part Hobbit movie could go overseas.