NZ On Air will manage the countervailable funding to support projects that perform a service of public interest that may otherwise not be produced without the support of the Fund.
This fiscal year will be $ 10 million available, increasing to $ 25 million in 2021/22 and $ 20 million the following year.
Faafoi said basic public interest journalism has declined and has had problems for the past decade or more Plans for a second tranche of support for struggling media companies were abandoned because coalition partners failed to reach consensus.
The government’s new screen recovery package, which aims to protect jobs and investments in New Zealand productions after Covid-19 has a screen production fund of $ 73.4 million.
Ref: https://www.rnz.co.nz
