Avatar deal part of long-term fix for local film sector

Mon, 16 Dec 2013

By Paul McBeth Dec. 16 (BusinessDesk) - A government deal that’s upped the rebate incentive scheme for big budget movie productions and secured the next three installments of James Cameron’s Avatar series is part of a longer-term solution for an industry at risk of stalling. The deal will give Avatar’s producers Lightstorm Entertainment and Twentieth Century Fox a 25 percent rebate for spending of at least $500 million, in return for all of the principal filming, at least 90 percent of visual effects and post-production on at least one movi...

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