Brisbane’s Alt.vfx – one of Asia Pacific’s most highly awarded visual effects and post production studios – has today welcomed the State Government’s announcement of the tax incentives for the Queensland VFX industry.
The company – which has just completed Abe Forsyth’s forthcoming film, Little Monsters – has its headquarters in Fortitude Valley, Brisbane. Alt is one of the leading firms in Queensland’s post-production sector, which will get a major boost with the announcement of a new post, digital and visual effects (PDV) incentive to attract high-end post production work.
The new grant – announced today by Premier Annastacia Palaszczuk – is available to eligible productions that spend a minimum of $500,000 on Queensland PDV and offers a 10 per cent, uncapped rebate that can also be used in conjunction with Federal Government incentives.
The enhanced PDV grant could be a game changer for the local post-production sector.
Colin Renshaw, CEO and Founder, said: “We are committed to growing our company and workforce here in Queensland, and welcome this additional incentive for international film and television productions to bring their work here. Australian artists compete with the very best in the world, and in today’s competitive market, State and National Government help is essential so that we can compete with the likes of Canada and the United Kingdom.”
Takeshi Takada, Executive Producer and Founder, commented: “Since starting Alt in 2011, we have grown significantly on an international scale, but at the same time retained our heart and headquarters here in Brisbane. We have managed to attract some of the best artists from across the world, and look forward to taking advantage of these new incentives to help us grow further and keep making the very best work with the best people.”
For more information, visit the Screen Queensland website at: https://screenqueensland.com.au/production/post-digital-vfx/