New South Wales Introduces Pdv Incentive, Wins Baz Luhrmann ‘Elvis’ Project

New South Wales, the Australian state that includes Sydney, is to introduce a post-production, digital and visual effects (Pfv) incentive.

The new subsidy, worth 10% of spending on post-production, digital and visual effects, can be used by film and TV productions in addition to the existing 30% federal rebate scheme. To qualify, a production must spend $349,000 in the state.

The majority of Australia’s post-production facilities companies, including Animal Logic, Cutting Edge, Fin Design and Plastic Wax, are located in the Sydney area. The Nsw government says the state is home to 60% of the country’s screen practitioners.

The state government said that the funding decision makes Nsw competitive with international locations in the U.S., U.K. and Canada. The move also allows Nsw to catch up with other Australian states. The move follows similar decisions in 2017 by South Australia, and last year by Queensland.

“I’m delighted that confirming this
See full article at Variety - Film News »

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