James Cameron To Make ‘Avatar’ Sequels In New Zealand; Government Unveils New Tax Breaks For International Productions

After making Avatar in Wellington, James Cameron’s three sequels are now also lined up to shoot in New Zealand. The Kiwi government says it has signed a memorandum of understanding with Cameron’s Lightstorm Entertainment and Twentieth Century Fox to see the director make each of the next Avatar installments locally. The move doesn’t come as much of a surprise given Cameron/Avatar‘s history Down Under, along with the helmer’s 2012 purchase of oodles of land in South Wairarapa, near Wellington. The news coincides with changes to the tax incentive structure in New Zealand which were also unveiled today. Under the new regs, the new Avatars could qualify for a total rebate of 25%.

When the first Avatar was made in New Zealand, it delivered more than NZ$307M in spend for the local economy. The memo of understanding on the new movies includes several commitments inlcuding a spend of at least NZ$500M ($413.1M) on local production activity – ie, most of the live action shooting and VFX. There’s also an engagement to hire Kiwis in Head of Department roles with about 90% of the live action crew expected to be local. New Zealand will also get to host “at least one” official red carpet premiere. (The original film world premiered in London.) James Cameron and John Landau have also offered to serve as founding members of a new screen advisory board. And, there is language on marketing and promotion of New Zealand and its film industry alongside the three Avatar films; the transfer of technological know-how to New Zealanders; retaining screen production infrastructure in New Zealand that could be used for industry training; and a commitment by both parties to grow the screen sector in New Zealand and to building a long term and productive relationship between the Crown and Lightstorm/Twentieth Century Fox.

Meanwhile, changes to the tax incentive scheme announced by the local government today will see a hike in the rebate from 15% to 20% for international film and television productions. A further 5% will be available for international productions that deliver significant economic benefits to New Zealand. An as-yet undefined points system will determine eligibility. (more…)

This article was printed from https://deadline.com/2013/12/james-cameron-to-make-avatar-sequels-in-new-zealand-government-unveils-new-tax-breaks-for-international-productions-652841/