The NZFC offers financial assistance to domestic distributors of NZFC financed feature films to ensure that the films are provided with an optimum chance of attracting a significant domestic theatrical audience. In May 2008, the NZFC introduced a new P&A grant scheme for NZ theatrical releases. Within the formula the NZFC:
- Pays for and retains ownership of the prints which are rented to the distributor for NZ theatrical release (currently at NZ$500 per print).
- Offers $1 for every $3 of publicity and advertising spent by distributors – effectively offering a 25% subsidy on NZ publicity and advertising in the form of a grant.
The following terms and conditions apply to the grant:
- The Distributor must submit a detailed budget that includes provision for poster and all other key marketing materials.
- The grant is payable 50% on provision and approval by the NZFC of the NZ release budget and 50% on evidence of NZ spend. Distributor may be required to refund the grant if spend does not exceed 50% of the approved budget.
- Prints are provided on loan to Distributor for NZ theatrical release only. Additional charges and conditions apply for any use of prints by Distributor outside of a New Zealand theatrical release (i.e., Australian release).
- Distributor is required to store all prints in a suitable location for 3 months after the last day of NZ theatrical release.
- Distributor shall then, at their own cost, return to the NZFC (or a storage facility nominated by NZFC) and/or destroy all prints, as instructed by the NZFC.
Please contact Mladen Ivancic (Deputy CEO) or James Thompson (Business Affairs Executive) if you wish to apply for the grant. You will be required to agree to these terms in writing prior to any grant payment.