Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ screen industry revenue fell in 2013

NZ screen industry revenue fell in 2013 after drop-off in movie making

By Suze Metherell

April 10 (BusinessDesk) – The New Zealand screen industry’s revenue dropped 4 percent in 2013, from a record high in 2012, as decline in production of feature films more than offset gains from local television and movie theatres.

Total revenue for the sector was $3.15 billion in 2013, down from $3.29 billion a year earlier, according to Statistics New Zealand. The screen industry includes feature films, production, television broadcasting, distribution and movie screenings.

The production and post-production sector contracted 12 percent to $1.46 billion in 2013, while broadcasting, which makes up 44 percent of the industry’s total revenue, was $1.38 billion, up from $1.31 billion the previous year. Declines in production sales were largely attributable to a 17 percent drop in gross revenue for feature films.

Overall funding flowing through to the sector declined 7.7 percent to $585 million, as a nominal 1 percent gain in New Zealand government funding was overshadowed by a 17 percent decline in overseas investment received for production.

Combined broadcasting and film screening eclipsed the size of production revenue by 6 percent in 2013, as the content-producing side of the sector was impacted by the “lumpy” nature of the project-based film industry, Statistics NZ said.

“While revenue has fallen this year, it reached a record high in 2012 - this shows the project-based nature of the industry,” said Jason Atwell, screen industry statistics manager at Statistics NZ. “Funding for a project leads to a spike in revenue, which drops once the project is completed.”

The broadcasting and screening sector also caters more to a domestic audience and gains made by those businesses indicate Kiwis are consuming more media, Statistics NZ said. Increases in broadcasting also capture a rise in digital media.

“Exhibition revenue has been steadily increasing over the past four years,” said the government’s data collector. “Some of this could be a result of 3D technology making a visit to the cinema an experience with added depth in an age where streaming movies at home is becoming easier.”

Auckland remained the centre for television broadcasting and production, with Auckland-based business bringing in gross revenue of $1.37 billion worth of television broadcasting.

The nation’s capital remains the film-making hub, with gross revenue of $748 million, half the sector’s total earnings, coming from Wellington production and post-production companies. Of that, $700 million came directly from feature films.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news