A 51 percent rise in post-production revenue drove a 3 percent rise in screen industry gross revenue to $2.81 billion in the 2008/09 financial year.Post-production is all the activities involved in making a production complete, including editing, visual e
A 51 percent rise in post-production revenue drove a 3 percent rise in screen industry gross revenue to $2.81 billion in the 2008/09 financial year.
Post-production is all the activities involved in making a production complete, including editing, visual effects, animation, developing and duplication.
In 2008/09, digital graphics, animation, or effects accounted for 75 percent, or $362 million, of total post-production revenue, Statistics New Zealand (SNZ) said in a report on its annual screen industry survey published today.
While post-production revenue rose from 2008/09, production revenue -- all work leading up to and including filming -- fell 8 percent to $863m, compared to 2007/08.
Television broadcasting revenue was slightly down from the year before at $1.14b, while film and video distribution income dropped 7 percent to $163m and film exhibition revenue lifted 6 percent to $153m.
The SNZ survey also showed a large increase in the amount of production and post-production work done by contractors, compared to that done by screen production companies.
Production and post-production revenue earned by contractors rose 45 percent to $474m, while that done by screen production companies fell 6 percent to $873m.
The main driver in the rise in contracting revenues was a 60 percent jump in feature film work to $240m, while the production companies recorded a 15 percent fall in feature film revenue to $415m and a 24 percent fall in commercials revenue to $97m, SNZ said.
The screen production companies received 60 percent or $525m of their $873m total gross revenue from domestic sources in 2008/09, compared to 42 percent or $390m the year before.
Revenue for the production companies from overseas fell 36 percent to $348m in the latest year, including a 43 percent fall to $275m in revenue from North America.
Spending by the screen production companies was heavily concentrated in Auckland and Wellington, falling to $402m from $471m in Auckland, and increasing to $323m from $258m in Wellington. Overall spending by the companies rose 4 percent to $861m.
Employment figures for the screen industry in the survey only include employees on salaries and wages, excluding anyone on contract. On that basis, total salaries and wages in the industry rose 10 percent to $391m while employee numbers were up 4 percent to 7000.
Highest salaries and wages in the industry were earned by employees of screen production companies within the production and post-production sector, with average earnings of $84,943.
