A Heartbeat Away has paid its loan
Screen Queensland has revealed the level of its investment in A Heartbeat Away – $425,000 comprising a production investment of $350,000 and a 12.5 percent State Labour Tax incentive of $75,000.
In addition, the $2.63m loan to cash flow the production, provided through the agency’s Revolving Film Finance Fund, “has already been repaid”, according to a spokesperson.
The $100,000 development investment provided to the project has also been repaid.
After the $7m Queensland-shot feature A Heartbeat Away failed at the box office last week, Encore contacted the agency for comment on its investment in the film.
