The agreement comes after the New Zealand government hiked
film industry tax rebates to up to 25 percent from the current
"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 original "Avatar", which was nominated for nine Oscars and
won three in 2010, was partly made in New Zealand, with special
effects done at Weta Digital, which also worked on the Lord of
the Rings trilogy, and the Hobbit series.
"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
($1 = 1.2105 New Zealand dollars)
(Reporting by Gyles Beckford;
editing by Edwina Gibbs)
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