9 Apr 2013

Screen industry tops $3b in revenue

12:52 pm on 9 April 2013

Revenue from filmmaking in New Zealand surged beyond $3 billion in 2012 for the first time.

Statistics New Zealand said revenue from film and TV rose 10% from the previous year, to $3.29 billion, the highest point since the survey started in 2005.

It said the breakthrough was helped by a surge in feature film revenue, rising 47% to more than $1 billion.

Forty feature films were completed in New Zealand last year, five more than in 2011.

That helped push revenue from production and post production, which grew by almost a fifth to $1.7 billion.

Broadcasting revenue rose 4%, while distribution fell slightly and film screening revenue matched 2011's record figures.

Revenue generated by the industry in Wellington rose 67% to more than $800 million last year.