While New Zealand's filmmaking profile is at an all-time high because of the worldwide success of The Lord Of The Rings: Fellowship Of The Ring, The New Zealand Herald reports that the local film awards will not be going ahead this year because of a shortage of films.

Three films slated to be included ground to a halt when Kahukura Productions went into liquidation last week, but in such a small filmmaking community, this is not the first year that the awards have been postponed.