The visual effects industry is warning without bigger tax breaks for the film industry New Zealand will loose major opportunities and highly specialised workers. Weta FX is considering axing a hundred jobs. It said various factors are driving the decision including unexpected project delays due to finance, the long-tail of the pandemic, strikes, and challenges in the global entertainment industry. Executive director of the Visual Effects Guild, Bree Loverich spoke to Lisa Owen.
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We can’t just keep increasing incentives – it’s a race to the bottom. Budgets are going down across the board and that means a complete rethink of what crew and vendors charge for services. Even the studios are penny pinching now. If we want to keep making films with real people involved (instead of completely AI slop), the cost of production needs to be reigned in.
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