BUDGET 2022: Screen Sector Support
Rāpare, 19 Haratua 2022 / Thursday, 19 May 2022National Identity
The Government is substantially increasing the amount of funding for public media to ensure New Zealanders can continue to access quality local content and trusted news. A new independent and future-focused public media entity will be multi-platform and designed to reach new and existing audiences, supported by Budget 2022 funding of $327 million over three years from 2023 to 2026. The new entity will support and enhance Aotearoa New Zealand’s national identity, and help combat the rise of disinformation. Budget 2022 also supports a thriving, adaptive and enduring arts, culture and heritage sector to support our national identity and local economies. This package invests to support the New Zealand Symphony Orchestra, Royal New Zealand Ballet, Heritage New Zealand Pouhere Taonga, Te Papa Tongarewa and Ngā Taonga Sound and Vision. The Budget also includes funding for Matariki celebrations, our first public holiday with a te ao Māori focus, support for our museums, and additional investment for the Waitangi National Trust Board to safeguard the taonga held at the Waitangi Treaty Grounds.
Strong Public Media
This initiative provides funding for the establishment and initial operating costs for the new public media entity that will replace Radio New Zealand and Television New Zealand from 1 July 2023. New funding is made up of three components, including $327 million for the new entity’s first three years of operations. The other two components are for change and establishment costs, and monitoring. This new funding is partially offset by an expected level of returned (surplus) revenue for the new entity totalling $306.1 million over the first six years of its operation. ($23.7M 2022 / 2023; $119.6M 2023 / 2024; $112.4M 2024 / 2025; $114.4M 2025 / 2026 = $370.1M TOTAL ($306.1M after expected returns)
Read Minister Faafoi's Announcement HERE
New Zealand Screen Production Grant for New Zealand
This initiative provides funding to meet increased demand from eligible New Zealand productions for the New Zealand Screen Production Grant. ($60M 2022 / 2023 = $60M TOTAL)
New Zealand Screen Production Grant for International Productions
This initiative provides funding, held in contingency, to support an existing grant which incentivises international screen work to be undertaken in New Zealand providing economic benefits and helping to build the capacity of the domestic industry. It provides funding to cover the forecast shortfall over the next four years. ($92M 2022 / 2023; $105M 2023/2024; $130M 2024 / 2025; $150M 2024 / 2025 = $477M TOTAL)
Film and Video Labelling Body – Sustainability Funding
This initiative provides funding to ensure the Film and Video Labelling Body is able to carry out its statutory functions of rating and labelling DVDs and cinematic release movies under the Films, Videos and Publications Classification Act 1993. ($150,000 2022 / 2023; $150,000 2023 / 2024; $150,000 2024 / 2025 = $450,000 TOTAL)
Read BUDGET 2022 HERE