Three 'Avatar' sequels to be made in NZ
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E-mail China.org.cn, December 16, 2013
U.S. film companies 20th Century Fox and Lightstorm Entertainment will make the next three movies in the science fiction "Avatar" series in New Zealand, Reuters reported.
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The companies will spend NZ$500 million ($413 million) on live action and visual effects.
The New Zealand government raised film industry tax rebates to up to 25 percent from the current 15 percent and the agreement comes after the new policy was adopted.
"The Avatar sequels will provide hundreds of jobs and thousands of hours of work directly in the screen sector as well as jobs right across the economy," Economic Development Minister Steven Joyce said in a statement.
New Zealand will also host one "red carpet" premiere, with the producers also agreeing to promote the country as a tourist destination, and film making venue, the report said.
The original "Avatar", which was nominated for nine Oscars and won three in 2010, was partly made in New Zealand. Its special effects were done at Weta Digital, which also worked on the "Lord of the Rings" trilogy, and the "Hobbit" series.
According to the report, "Avatar" director James Cameron has a farm in New Zealand. Movie studio 20th Century Fox is a division of Twenty First Century Fox Inc. Cameron is a founder of Lightstorm Entertainment.
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