NZ likely to lose Hobbit

Peter Jackson and Fran Walsh have said that lifting the blacklist on The Hobbit does nothing to help the film stay in New Zealand because the damage is done, and even  they will continue to fight for it, Warner Bros. representatives will visit the country next week to make arrangements to move it overseas.

Jackson warned that this conflict will have a domino effect on New Zealand’s industry, with international investors and studios losing confidence over the country’s perceived ‘unstable employment environment’.

This is the full statement:

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