HUGH JACKMAN'S latest Wolverine film has created 1700 Australian jobs and benefited 850 companies.
The film, starring Jackman as Logan/Wolverine and shot on location across NSW and in Japan, is expected to be released next July and follows an improvement in Australian film and TV drama's fortunes, with the value of production rising 25 per cent in Australia last year.
The Arts Minister, Simon Crean, said The Wolverine, directed by James Mangold, and filmed not only in Sydney's Fox Studios but in NSW spots such as Oberon, Picton, Homebush and Parramatta, would generate more than $80 million in investment in Australia.
But there was industry consternation in April when the federal government announced the $12.8 million one-off investment in the film - the equivalent of a 30 per cent location offset, the tax rebate on the Australian spend of large-budget productions that do not satisfy the Australian content test for the producer offset.
The location offset rate such films normally receive is only 16.5 per cent. The $12.8 million was necessary to secure the film and job opportunities, Mr Crean said, most of which were full-time, although the figure included 600 movie extras.