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. Read More »
Director James Cameron’s newly purchased farmland in New Zealand outside Wellington is fueling local speculation that he intends to make a significant portion of his two Avatar sequels in New Zealand. Reports say Cameron’s property … Read More »
Woodland Hills, CA, January 17, 2012 Cinedigm Digital Cinema Corp. (NASDAQ: CIDM) and ICAA, the Independent Cinemas Association of Australia, jointly announced today an agreement for Cinedigm to become the digital cinema integrator for independent cinemas in Australia and New Zealand.
ICAA signed a Memorandum of Understanding with Cinedigm to provide Virtual Print Fee (“VPF”) Contracts, VPF Administration, Theatre Management Systems (TMS) and other support resources, as well as assist ICAA and its members with the deployment of digital systems and service and compliance support services. ICAA will take on a number of local functions as regards the coordination of deployment and service, working with local installers and technical personnel. The arrangement is subject to the negotiation and execution of a definitive agreement between Cinedigm and ICAA and its members.
The Hobbit: An Unexpected Journey is set to premiere in Wellington in late November 2012, director Sir Peter Jackson and Prime Minister John Key announced today at the Hobbiton set in Waikato. Wellington previously hosted the world premiere of
3D Conversion Of Paramount’s ‘Top Gun’ In The Works Another blockbuster is getting the 3D conversion treatment, it seems. Top Gun, Tony Scott’s iconic 1986 film starring Tom Cruise, is being re-formatted for a possible 2012 release by Paramount. That was the word from Legend3D CEO Rob Hummel, speaking today at the International Broadcasting Convention in Amsterdam, where he presented a 4-minute clip in the new format. “I think Top Gun lends itself to 3D due to the aerial flight,” Hummel said. “You can have fun with 3D by bringing things off the screen if they are not attached to the edge of the screen.” Hummel said that the studio wanted to get Scott’s approval before proceeding, while Paramount said there had been no talk of a release date. If the redo of the blockbuster does materialize, it will be on top of 3D conversions of The Lion King, set for release later this month, Star Wars: The Phantom MenaceandTitanic.
Vicki Jackways To Represent New Zealand In Hollywood New Zealand is reaching out to Hollywood in a bid to lure more film shoots and facilitate U.S. co-productions. Film New Zealand and Park Road Post Production are teaming on an initiative that will see Park Road’s marketing chief Vicki Jackways working to heighten New Zealand’s Hollywood presence next year when she comes to L.A. in a semi-permanent capacity. New Zealand is on Hollywood’s location map and has an established effects and post-production infrastructure. It famously served as Middle Earth for The Lord of the Rings trilogy. “Thanks to the talents and entrepreneurship of our screen industry across the country, and the backing of successive governments, New Zealand has built a remarkable reputation as a film-making culture. Los Angeles-based representation is an important next step in taking full advantage of this reputation.” Netflix CEO: Two Years Until We See Profit In Mexico Netflix CEO Reed Hastings estimated today that it will take two years before his firm sees any returns from Mexico. “We are going to lose money for a while … it will take a lot of subscribers to get to profitability,” he said at a Mexico City news conference to mark the launch, part of a previously announced Latin American expansion. He declined to say how many subscribers it would take to get into the black but expressed confidence that the bandwidth commonly available in Mexico, markedly lower than that common to the U.S., would be viable. Netflix will charge $8 for a monthly subscription in Mexico. Local broadcasters TV Azteca and will make some of their content available through Netflix in Mexico, he said. Read More »
Mark Urman’s Paladin made a U.S. distribution deal for Boy, the Taika Waititi-directed film that became a sleeper hit on its home turf in New Zealand. Set in 1984, the film focuses on an 11-year-old (James Rolleston) who … Read More »
The New Zealand parliament has passed emergency legislation ensuring that the 2 back-to-back Hobbit films get made in the country. The legislation bypassed usual parliamentary committees, prompting New Zealand MPs to call it a “day of shame.” One held up a … Read More »
New Zealanders are leaving nothing to chance when Warner Bros executives arrive early this week. Prime Minister John Key and other politicians are trying to salvage The Hobbit situation so the shoot stays in New Zealand. But the studio is eyeing … Read More »
Australian pension fund Super Media has arranged a A$20 million facility for Fulcrum Media Finance, the Australian film and TV financier. The attraction from Super Media’s point of view is that the money will just be used to cash-flow the Australian … Read More »