Premier Jay Weatherill said today that French company Technicolor, which employs more than 15,000 people across the world, would build a $26 million, 3000 square metre visual effects studio in Adelaide – to be known as “Mill Film”.
The studio, which the premier said would be a “game-changer” for the Australian film industry, would be running “at full strength” within five years.
It will include a centre of excellentce and academy, and is expected to employ 500 people, from technologists to artists.
The Government landed the deal with a $6 million grant from its Economic Investment Fund. It says the project will have an economic benefit of more than $252 million over 10 years.
Technicolor has worked on may films and television productions including recent Oscar nominee The Shape of Water, as well as Blade Runner 2049, Wonder Woman and Jungle Book.
As well as the funding from the investment fund, Technicolor appears to have been drawn by a 10 per cent State Government rebate for post production, digital and visual effects work, designed to attract international film business. The 10 per cent state-based rebate is on top of a similar federal measure, set at 30 per cent of gross expenditure.
Originally appeared in Indaily 6th February 2018
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