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The Australian federal government will donate $ 17.1 million ($ 24 million) to Disney for the filming of an untitled Marvel film at Fox Studios Australia. Disney took over Sydney studios last month as part of its acquisition of 21st Century Fox.
Australia also offers location incentive schemes, called offsets, directly related to the amount of production expenditures in the country. The film can also claim the offset of 16.5% of the location of filming. "The Australian government's location incentive increases the existing location compensation rate from 16.5% to 30% for eligible large budget international productions that are successful through the bid process," said Mitch Fifield, federal minister. Communications and Arts, and New South Wales. the Minister of Arts of the state government, Don Harwin.
Harwin said the film could also tap into the $ 7.1 million Made in NSW fund per year, to "encourage NSW's large-scale international screenprinting projects." to the new movie was not specified.
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Neither the Australian authorities nor Disney would confirm the title of the film they are proposing to subsidize, describing it only as "a new major film by Marvel Studios" and "a big budget superhero movie". The Australian media has speculated that it was "Shang Chi," was recently touted as Marvel's first superhero movie with an Asian protagonist.Last month, Marvel announced that Destiny David Cretton would the director of the film and that Dave Callaham was writing the screenplay.
The addition of direct federal grant and site compensation involves funding of $ 38 million from national governments for the film. The NSW add-on would probably raise that amount above $ 40 million.
Federal and state governments explain their spending by highlighting the positive impact on their economies, jobs and film industries. If total federal subsidies equal 30% of local production expenses, the film should spend $ 131 million in Australia. Fifield offered a slightly lower figure.
"Securing this latest production will generate over A $ 150 million (US $ 107 million) in new international investment, create 4,700 new jobs in Australia, and employ the services of about 1,200 local businesses", did he declare. Harwin said the production is expected to spend more than 100 million Australian dollars ($ 71.2 million) in New South Wales alone.
"The film needs a large workforce made up of highly specialized special effects technicians as well as sophisticated stunts, which NSW's incredibly skilled and experienced screens sector can achieve," said Harwin, adding that he "will raise the profile of NSW as a place to do business."
The weakness of the Australian dollar against the US dollar has helped cope with the high costs of filming in Australia, but many in Australian industry do not think that a cheap currency is enough. A production manager, who requested anonymity, said last month Variety"The production departments of Hollywood studios simply do not consider a foreign production location unless it offers them a rebate, even if it is directly comparable in terms of cost."
Earlier this week, Australian industry representatives expressed disappointment that the federal government's annual budget, announced Tuesday, does not institutionalize an increase in the clearing mechanism from 16.5 percent to 30 percent. . But they were relieved that the national government made sure to continue providing direct subsidies.
"Thor: Ragnarok" from Marvel, previously shot at Roadshow Studios Studios in Queensland. The same goes for Warner's "Aquaman" and "San Andreas" and "Pirates of the Caribbean: the dead tell nothing". Sony's "Peter Rabbit" and Fox's "Alien: Covenant" shoot at Fox's Sydney facility.
"Marvel Studios thanks the Australian and NSW governments and is delighted to return to Australia to work with the talented, highly qualified Australian crew, stuntmen and actors, as well as the thousands of small Australian companies providing equipment, goods and facilities. world class. and services to big budget productions, "said David Grant, vice president of Marvel Studios.
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