South Australia sets sights on big-budget films
In what will be the largest ever boost to the SA film industry, the State Government is introducing a new un-capped rebate which will strengthen the State’s ability to attract large budget productions.
The new ‘Post Production, Digital and Visual Effects (PDV)’ rebates will ensure that South Australia is globally competitive in attracting blockbuster films that use Visual Effects (VFX), such as Thor: Ragnorak.
They will also support the State’s ability to secure content production for on-demand services such as Netflix.
The rebates will be made available from 1 January and will replace the previous scheme that was a grant capped at $150,000 per film.
The film industry is set to become one of the State’s fastest growing sectors, with several hundred new jobs expected to be created and an economic benefit of around $200 million.
Implementation of the expanded scheme will help existing South Australian companies, such as Academy Award-nominated VFX firm Rising Sun Pictures, whose work has featured in numerous big budget films including Harry Potter and the Goblet of Fire, Batman Begins and The Hunger Games Mockingjay. It will also encourage new entrants into the South Australian VFX ecosystem.
South Australia’s education providers are working closely with the local industry to develop the skills required to meet the future employment needs of the fast growing sector.
The expanded Post Production, Digital and Visual Effects (PDV) rebate scheme is an initiative of Investment Attraction South Australia, The South Australian Film Corporation, the Department of State Development and Arts SA.
Minister for the Arts and Premier Jay Weatherill said this is the most substantial investment ever directly injected into South Australia’s film industry, and will make the State incredibly competitive in attracting big-budget activity.
“South Australia has a strong film making heritage via the SA Film Corporation with films such as Picnic at Hanging Rock, Shine, Breaker Morant and more recently Wolf Creek and Snowtown,” Mr. Weatherill said. “Film is a fast growing industry, and this investment will create hundreds of jobs in post-production, digital and visual effects – pathways that an increasing number of South Australians are specialising in.”
“This investment tells the world that we are serious about film, with a local industry that is growing at a rapid rate and producing world-class content.”
Investment and Trade Minister Martin Hamilton-Smith said this initiative will help to bolster the local industry and attract new companies to South Australia – and in doing so will also grow the broader digital capabilities of the State.
“This will not only make our local industry even more competitive and help attract new projects from outside South Australia it will develop a unique local skillset in what is a dynamic industry sector.” Mr. Hamilton-Smith said.
“Our expanded PDV grant scheme will be another attraction to doing business in VFX industry in the State in addition to our talent pool, lifestyle and competitive business conditions.”
“Visual Effects is an increasingly important skill set for multiple industries outside the film and television sectors including in defence, education, medical and manufacturing. So investing in the film industry where talent with VFX capabilities is fostered will make SA more competitive across multiple industry sectors.”