Screen production cools

New Zealand's screen production revenue fell 20 percent to $1.0 billion in 2018, Stats NZ said today.

Production is all the work leading up to and including filming of a screen production, such as writing, development, pre-production, and principal photography.

Revenue from production was down $245 million on 2017.

"We had a big year in 2017 for film production, while in 2018 we saw a cooling of production work," business performance manager Geraldine Duoba said. "Although there were fewer films, those being worked on in New Zealand over the 2018 year included Mission: Impossible - Fallout, Daffodils, and Mulan."

SectorProductionPost-production
2014829000000587000000
2015957000000609000000
20161175000000601000000
20171253000000634000000
20181008000000764000000

In contrast, post-production revenue increased $130 million (21 percent) to $764 million in 2018. This increase from 2017 was driven by Auckland, which was up $86 million, and Wellington, up $45 million. Post-production activities are those that occur after filming, such as editing, and visual and special effects.

"Big budget films such as Avengers: Infinity War, Mortal Engines, and Alita: Battle Angel require large amounts of post-production work," Ms Duoba said. "Increased post-production revenue in 2018 follows a big year for production in New Zealand in 2017."

Total screen industry revenue was $3.3 billion in 2018, down $268 million from 2017. As well as the fall in production revenue, broadcasting and distribution also fell, largely in the Auckland region.

YearProductionPost-productionBroadcastingExhibitionDistribution
20148290000005870000001407000000161000000153000000
2015957000000609000000138700000017200000097000000
201611750000006010000001261000000155000000101000000
20171253000000634000000136400000019700000095000000
20181008000000764000000121100000020800000074000000

Television broadcasting revenue fell $153 million to $1.2 billion in 2018.

"This drop in traditional TV broadcasting revenue could be caused by audiences shifting from pay TV, to the newer online-based TV streaming platforms such as Netflix and Lightbox," Ms Duoba said.

/Stats NZ Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.