×
You will be redirected back to your article in seconds

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 (A$500,000) 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 incentive has allowed us to sign with Warner Bros. for post-production on the upcoming Untitled Baz Luhrmann Elvis Project, which anticipates injecting up to $35m into the State,” NSW minister for the arts Don Harwin said.

“The announcement of a PDV credit by the NSW government will provide much-needed consistency and confidence to productions which must make decisions on where to place post work under very tight timeframes. This will allow us to utilize the world-class facilities in NSW for our upcoming Baz Luhrmann project in 2020,” said Warner Bros. Pictures senior VP of production, Danielle Dajani.

“This clear commitment by the NSW Government to making PDV attraction incentives more competitive with other states such as South Australia will be a huge boost to Animal Logic’s ability to continue to secure large scale international productions like ‘Peter Rabbit’ to NSW,” said Animal Logic COO Sharon Taylor.

Popular on Variety

More Film

  • Beyonce Knowles'The Lion King' film premiere,

    ABC Announces Behind-the-Scenes Special for Beyoncé's 'Lion King' LP

    ABC has announced a new behind-the-scenes look into the making of Beyoncé’s “The Lion King: The Gift” LP, which is set to air September 16 on ABC at 10 p.m. EST. Titled “Beyoncé Presents: Making the Gift,” the new hour-long special will allow viewers to “experience the process” behind the “Lion King” companion album, according [...]

  • Jason Lei Howden, Samara Weaving and

    Daniel Radcliffe On Acting With Weapons Nailed To Your Hands

    How did “Guns Akimbo” director and writer Jason Lei Howden convince Daniel Radcliffe to play a character with guns nailed to his hands? Easy, he sent him the script. Radcliffe joined Howden and “Ready or Not’s” breakout star Samara Weaving in the Variety’s Toronto Film Festival studio, presented by AT&T to talk the limits of [...]

  • Box Office: It Chapter Two Maintains

    Box Office: 'It: Chapter Two' Continues International Reign With $47 Million

    Pennywise’s reign of terror hasn’t wavered: Warner Bros.’ “It Chapter Two” maintained first place on box office charts, led by another strong showing overseas. The sequel, based on Stephen King’s horror novel, generated another $47 million at the international box office for a foreign tally of $169 million. After two weeks of release, “It Chapter [...]

  • First still from the set of

    Taika Waititi’s 'Jojo Rabbit' Wins Top Prize at Toronto Film Festival Awards

    Taika Waititi’s “Jojo Rabbit” has won the coveted People’s Choice Award at this year’s Toronto International Film Festival. The honor positions the film for a potential Oscar run and bolsters its awards chances. That’s good news for Fox Searchlight, which must have been disappointed by the lackluster critical reception for the movie, a dark comedy [...]

  • Constance Wu and Jennifer Lopez star

    Box Office: 'Hustlers' Racks Up Solid $33 Million Debut, 'Goldfinch' Bombs

    “Hustlers” rolled in the Benjamins this weekend, collecting $33.2 million when it debuted in 3,250 North American theaters. Boosted by rave reviews and stellar word of mouth, “Hustlers” beat expectations and now ranks as the best start for an STX film, along with the biggest live-action opening weekend for stars Jennifer Lopez and Constance Wu. [...]

  • German Cinema Is Diverse, But Is

    German Cinema Is Varied, But Is It Too Risk Averse?

    One of the strengths of German cinema is its diversity, says Simone Baumann, managing director of the national film promotion agency German Films. As well as the three films at Toronto directed by female German helmers, there was also German filmmaker Thomas Heise’s documentary film essay “Heimat Is a Space in Time.” Then there were [...]

More From Our Brands

Access exclusive content