05.12.2012 - 20:16 [ techdirt ]

The Hobbit Took $120M From Kiwi Taxpayers – Maybe They Should Own The Rights

While the NY Times article explored how this was happening in the US, a new article at Bloomberg highlights how this is happening around the globe, using key examples from the subsidies around The Hobbit and Harry Potter — both of which involved massive subsidies in response to Hollywood threats to film elsewhere.