The majority of films made on the Island have not yet recouped anywhere near the investment put into them.
That finding was revealed yesterday in the House of Keys following a question about profit and loss from South Douglas MHK Kate Beecroft.
Treasury Minister Eddie Teare provided a breakdown of films the government had invested in under the management of CinemaNX.
Among others the figures showed that despite £9,550,000 being spent on Me and Orson Welles just over £2 million was recuperated and only £121,467 was made back on Albatross following a spend of £1,925,000.
However Mr Teare is defending the results:
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