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Avatar sequels to be filmed in New Zealand, $500 million+ to be spent

James Cameron will be spending $460 million on the Avatar sequels, which will be filmed in New Zealand

| HT & Movies News | Posted: Dec 17, 2013 7:37 am

The New Zealand government has inked a deal with James Cameron and major studios for not one, but three Avatar sequels to be filmed in the country. New Zealand Prime Minister, John Key, announced the news, stating that there would be a budget of at least $NZ500 million ($461 million or so) spent locally during its production.

 

TweakTown image news/3/4/34395_05_avatar_sequels_to_be_filmed_in_new_zealand_460_million_budget.jpg

 

Where Cameron and the movie studios benefit by shooting in NZ, is that if the three Avatar movies meet the requirements of the deal between the NZ government and the studios, they will qualify for a total tax rebate of 25%, which gets pumped into the Avatar movies. The requirements include:

 

  • Spending at least $NZ500 million in New Zealand, including most of the live action shooting and visual effects.
  • New Zealand hosting at least one official red carpet premiere, and a featurette on New Zealand being included in DVDs and Blu Rays.
  • An offer by Cameron to serve as a founding member of a new screen advisory board, which will provide advice and guidance to New Zealand screen and film makers looking to succeed internationally.
  • Marketing and promotion of New Zealand and its film industry.

 

The new movies will reach us on Christmas 2017, 2018, and 2019.

NEWS SOURCES:Smh.com.au

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