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Hobbit stays in NZ
But the government will pay up to US$25 million and make legislative changes negotiated with Warner Bros. Prime Minister also announces a 'long-term strategic partnership' with studio.
Details in my THR piece - the first story out in the U.S.
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Watch for my new book “Hollywood on Strike!,” due out next month. Subscribe to my blog (jhandel.com) for more about entertainment law and digital media law. Check out my residuals chart there too. Go to the blog itself to subscribe via RSS or email. Or, follow me on Twitter, friend me on Facebook, or subscribe to my Forbes.com or Huffington Post articles. If you work in tech, check out my book How to Write LOIs and Term Sheets.