It may have been declared a "true Christmas disaster" for its massive global flop at the 2018 December box office, but Sir Peter Jackson's Mortal Engines proved big business for the local economy.

With a budget estimated between $152 million and $229m, plus tens of millions in marketing costs, the Universal Studios project was estimated by Variety to have suffered losses of more than $150m.

But direct spending relating to its production in New Zealand could be worth up to $209m, according to the New Zealand Film Commission (NZFC).

Filmed in Wellington, the film received $24.5 million in Screen Production

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Big bucks