1 00:00:00,080 --> 00:00:02,040 Speaker 1: Good news for the local movie production. I can tell 2 00:00:02,040 --> 00:00:04,200 Speaker 1: you the government are about to announce the minimum spend 3 00:00:04,600 --> 00:00:07,120 Speaker 1: for feature films to qualify for rebates, dropping from fifteen 4 00:00:07,160 --> 00:00:09,880 Speaker 1: to four million. It's also expanding eligibility for the extra 5 00:00:09,880 --> 00:00:12,040 Speaker 1: five percent uplift to include post production that allows you 6 00:00:12,080 --> 00:00:14,200 Speaker 1: to finish the film locally. John McKay's the chair of 7 00:00:14,240 --> 00:00:16,760 Speaker 1: the Screen Music and Sound Guild and as with us, John. 8 00:00:16,560 --> 00:00:19,480 Speaker 2: Morning, Good morning Mike. How are you very well? 9 00:00:19,520 --> 00:00:21,520 Speaker 1: Indeed? Thank you? This the good stuff? Is this the magic? 10 00:00:21,640 --> 00:00:22,400 Speaker 1: Is this what we want? 11 00:00:24,040 --> 00:00:30,000 Speaker 2: Well, any relaxation of guidelines is always welcome. And by 12 00:00:30,040 --> 00:00:32,040 Speaker 2: dropping it to four million, you're going to open another 13 00:00:32,680 --> 00:00:37,239 Speaker 2: whole slew of production that can that is possible to 14 00:00:37,240 --> 00:00:37,680 Speaker 2: come here. 15 00:00:37,880 --> 00:00:39,440 Speaker 1: Is this just a race to the bottom, ar I mean, 16 00:00:39,479 --> 00:00:41,360 Speaker 1: eventually we're going to get to zero, aren't we. I mean, 17 00:00:41,360 --> 00:00:44,199 Speaker 1: as everybody sort of madly competes with each other to 18 00:00:44,560 --> 00:00:46,200 Speaker 1: give better and better deals around the world. 19 00:00:47,159 --> 00:00:51,199 Speaker 2: Well, currently you know we're not even that competitive with Australia. 20 00:00:51,320 --> 00:00:55,680 Speaker 2: Australia have thirty percent. So we need to have rules 21 00:00:55,680 --> 00:01:00,280 Speaker 2: that are flexible and easy to access, but also have 22 00:01:01,120 --> 00:01:04,440 Speaker 2: the strong other principles, strong infrastructure at ease of work, 23 00:01:04,760 --> 00:01:07,640 Speaker 2: all those other things are as just as important as incentives. 24 00:01:07,720 --> 00:01:13,240 Speaker 2: But incentives are the backbone of how film financing works worldwide. 25 00:01:13,600 --> 00:01:16,679 Speaker 1: Right, the five percent uplift from thirty to twenty million 26 00:01:17,000 --> 00:01:19,800 Speaker 1: to finish? Is that a thing? I mean? Will there 27 00:01:19,840 --> 00:01:23,440 Speaker 1: be tangibly many more movies in that particular category that 28 00:01:23,520 --> 00:01:24,720 Speaker 1: will stay here because of that? 29 00:01:26,920 --> 00:01:30,520 Speaker 2: Well, that's interesting to see. I see basically these rules 30 00:01:30,560 --> 00:01:34,360 Speaker 2: are trying to reconstruct or make the maximum of what 31 00:01:34,400 --> 00:01:37,839 Speaker 2: we already have without saying, hey, we've reve increased the incentives. 32 00:01:38,319 --> 00:01:41,080 Speaker 2: But essentially it's saying that, really we've gone from twenty 33 00:01:41,080 --> 00:01:45,679 Speaker 2: to twenty five without saying it, because I know the 34 00:01:45,680 --> 00:01:48,600 Speaker 2: government has within the coalition there are people who are 35 00:01:48,640 --> 00:01:49,680 Speaker 2: against incentives. 36 00:01:50,440 --> 00:01:54,640 Speaker 1: So see that's the problem. See John, I'm against incentives 37 00:01:54,720 --> 00:01:57,280 Speaker 1: in theory. But what I've been told, and I have 38 00:01:57,360 --> 00:01:59,120 Speaker 1: no reason to believe that it's not true that you 39 00:01:59,160 --> 00:02:01,160 Speaker 1: put a dollar in your get more than a dollar back. 40 00:02:01,200 --> 00:02:03,919 Speaker 1: Therefore it actually works, it pays its way. 41 00:02:04,680 --> 00:02:07,000 Speaker 2: Well, there's been studies saying you put a dollar in 42 00:02:07,040 --> 00:02:11,480 Speaker 2: and you yet six back. Yeah, so you're not going 43 00:02:11,520 --> 00:02:13,440 Speaker 2: to have you're not going to have a film industry 44 00:02:13,440 --> 00:02:16,800 Speaker 2: without incentives. Because that's just the way it runs worldwide. 45 00:02:17,320 --> 00:02:19,959 Speaker 2: So you know why we didn't want to change the 46 00:02:20,040 --> 00:02:21,520 Speaker 2: rules on an international system. 47 00:02:21,760 --> 00:02:24,040 Speaker 1: You know, No, I've got sympathy for that. Where are 48 00:02:24,080 --> 00:02:26,120 Speaker 1: you at with the Trump thing? Has that sort of 49 00:02:26,160 --> 00:02:28,400 Speaker 1: come to fruition in any way, shape or form. Does 50 00:02:28,400 --> 00:02:30,360 Speaker 1: anyone know what he's on about with a foreign film 51 00:02:30,400 --> 00:02:31,400 Speaker 1: and how it affects US. 52 00:02:32,520 --> 00:02:35,880 Speaker 2: I have no intellent, not that at all, because that's 53 00:02:35,880 --> 00:02:41,520 Speaker 2: just a changing a changing landscape day by day. I 54 00:02:41,560 --> 00:02:46,360 Speaker 2: don't know if it's affected inbound production. I just know 55 00:02:46,480 --> 00:02:49,040 Speaker 2: that there's been a lack of inbound production for about 56 00:02:49,040 --> 00:02:53,720 Speaker 2: the last years. So anything that puts out the welcome 57 00:02:53,840 --> 00:02:55,320 Speaker 2: sign is welcomed. 58 00:02:55,400 --> 00:02:57,080 Speaker 1: So the government is pulling the right lever of Weldon 59 00:02:57,160 --> 00:02:58,919 Speaker 1: John Good Insight have a good week in John McKay, 60 00:02:58,960 --> 00:03:01,320 Speaker 1: who's the chair of the Screen, Music and Sound Gilded 61 00:03:01,360 --> 00:03:01,840 Speaker 1: New Zealand. 62 00:03:02,480 --> 00:03:05,400 Speaker 2: For more from the Mic Asking Breakfast, listen live to 63 00:03:05,520 --> 00:03:08,560 Speaker 2: News Talks at b from six am weekdays, or follow 64 00:03:08,600 --> 00:03:10,200 Speaker 2: the podcast on iHeartRadio.