James Cameron said he expects the films to be released the following December 2016, 2017and 2018
The filmmaker made the announcement at a press conference in
Wellington, N.Z., with the New Zealand’s prime minister John Key.
The three films will spend at least $412 million (500
million in New Zealand dollars) in that nation as a condition of an agreement
between Fox, Cameron’s Lightstorm Entertainment and the government of New
Zealand. In return, the films will receive a film industry tax rebate of 25% —
a figure which was recently increased from 15%.
“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.
“Avatar” producer Jon Landau and Paul Hanneman, Fox’s
co-presidents of worldwide theatrical marketing and distribution, were also on
hand for the announcment. “New Zealand offers unparalleled support to films of
this scale,” Hanneman said.
Cameron praised the New Zealand production crews and special
effects houses.
“Avatar,” released in 2009, is the highest-grossing movie
with $2.78 billion worldwide. The sci-fi actioner was shot in Los Angeles and
New Zealand.
The deal for the three films receiving the 25% rebate was outlined in a memorandum of understanding between the New Zealand government, Cameron’s Lightstorm Entertainment and Twentieth Century Fox Film Corp. It specified that at least $412 million would be spent on production in New Zealand, including most live action filming and visual effects.
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