New Zealand awards Amazon extra $116 million subsidy for 'Lord of the Rings' TV series

FILE PHOTO: The logo of streaming service Amazon Prime Video is seen in this illustration picture taken March 5, 2021. REUTERS/Danish Siddiqui/Illustration/File Photo

WELLINGTON (Reuters) - New Zealand said on Friday it has agreed to give Amazon extra rebates on its expenses for the filming of "The Lord of the Rings" TV series in the country, hoping to reap multi-year economic and tourism benefits.

Amazon will get an extra 5% from New Zealand's Screen Production Grant in addition to the 20% grant the production already qualifies for, the government said in a statement.