James Cameron has confirmed that he will be directing Avatar 2-4 back to back to back in New Zealand starting soon. Avatar 2 already has a release date of Christmas 2016. Cameron and Fox have signed a deal with New Zealand to take production on all three sequels over to the country, where they will be getting a sweet 25% rebate. Given that the films are expected to cost in the hundreds of millions, that’s not a very bad deal for both sides at all.
According to the agreement, the “Avatar” production will spend at least $500 million on production, including working with the folks at special effects shop Weta (“The Lord of the Rings” films), with 90% of the live action crew hired from the local stables. The films will also have one of its premieres in New Zealand.
Says Cameron about the deal:
For that reason it’s a real pleasure to know I’m going to have so much of my work done here over the next few years. Its important for everyone to know this [agreement] isn’t just about the Avatar films directly, it’s about trying to lift up the New Zealand film industry, incubate new talent and develop new IP.