Taika Waititi is gutted that the New Zealand film industry will not stage an awards ceremony this year.
Industry leaders say they simply can't afford to hold a ceremony after their controversial split from the television awards this year.
Despite Kiwi films achieving at the world's major awards ceremonies, including the Academy Awards, locally shot productions such as Two Little Boys, starring Bret McKenzie, will not receive recognition at home.
"It's a bit of a shame because it's nice to celebrate any achievements," said Waititi, who smashed domestic box-office records for his 2010 movie Boy. "It's such an achievement making a film and finishing one, I think to be able to celebrate that even just by going out with other filmmakers is quite a nice thing."
The local industry's lack of cash was in stark contrast to the budgets of Emperor and The Hobbit: An Unexpected Journey. The combined budget of these films, both shot in New Zealand this year, were estimated at more than $300m.