One is a giant ape, the other is a mutant fire-breathing lizard, they're both coming to the Gold Coast and no it's not for Schoolies.

Pre-production on Hollywood blockbuster Godzilla vs Kong will begin on the Gold Coast this month, while Disney series Reef Break will also shoot in Queensland.

A $140 million tax break announced in this year's federal budget has helped lure more film production to Australia, effectively doubling the existing rebate offered for films to 30 per cent.

Prime Minister Scott Morrison said the tax break would provide a pipeline of work for the film industry in Australia.

"The supply chain for this industry reaches right across the country," he told reporters on the Gold Coast on Monday.

"Talking to the crew hire companies here today, Australians here living on the Gold Coast, having that continuity of work means that they can have certainty about how they plan for their own future, how they save for their own future."

Queensland Premier Annastacia Palaszczuk said she was delighted that the federal government had kicked in the cash to boost the industry.

"I visited the film studios in the US in February and June, and it is great to see that the federal government is matching, coming on board with their contribution," she told Today on Monday.

"Ours has been on the table for months so finally it is all systems go and the movie industry means long-term secure jobs."

Reef Break is a 13-episode series, but Disney plans to continue to film more seasons in Australia.

Godzilla vs Kong is set to star Millie Bobby Brown from Stranger Things and Kiwi actor Julian Dennison from Hunt for the Wilderpeople.