$500m deal ties next three Avatar films to NZ
THE next three Avatar films will be made in New Zealand, the Prime Minister has announced at a press conference with the film's director James Cameron.
Mr Key announced this morning that the Government had signed a memorandum of understanding with the film's makers to secure the multi-film deal.
He said investment would be "significant" - a minimum of $500 million for the three films.
The announcement is good timing for the government, after calls from the film industry for further work after the end of the Hobbit films.
Producer John Landau and 20th Century Fox's Paul Hanneman were also at the announcement, where Mr Key also set out further incentives for the film industry.