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Video The day's top showbiz news Fassbender, Mortensen talk Oscar snubs Simon Cowell cleans house at X Factor Follow Reuters Facebook Twitter RSS YouTube Read Egypt soccer violence kills 74, fans turn on army | 2:56am EST "Soul Train" creator Don Cornelius commits suicide | 01 Feb 2012 Taliban vows to retake Afghanistan: report | 01 Feb 2012 Michelle Obama wins push-up challenge over TV's Ellen 01 Feb 2012 L.A. contemporary artist Mike Kelley found dead 01 Feb 2012 Discussed 145 U.S. outrage as Egypt bars Americans from leaving 87 Romney wins Florida Republican presidential primary 77 Taliban ”poised to retake Afghanistan” after NATO pullout Watched Beckham unveils underwear for H&M Wed, Feb 1 2012 Iran sends toy drone to Obama Sun, Jan 29 2012 At least 73 killed in Egypt soccer riot Wed, Feb 1 2012 Avatar's Cameron buys up land in NZ hobbit country Tweet Share this Email Print Related News Megaupload story of Dotcom boom and bust Mon, Jan 23 2012 New Zealand reveals high-octane arrest in Internet fraud case Sat, Jan 21 2012 UPDATE 2-New Zealand reveals high-octane arrest in Internet fraud case Sat, Jan 21 2012 Sioux County, Iowa: Ground zero for farm boom Tue, Jan 10 2012 Hot air balloon crash kills 11 in New Zealand Sat, Jan 7 2012 Analysis & Opinion Neeson’s ‘Grey’ wins box office weekend Fourth ‘Underworld’ film leads domestic box office Related Topics Entertainment » Fashion » Film » Director James Cameron arrives at the 63rd annual DGA Awards dinner in Los Angeles January 29, 2011. Credit: Reuters/Phil McCarten WELLINGTON | Wed Feb 1, 2012 7:45pm EST WELLINGTON (Reuters) - Avatar is moving in next door to the Hobbit. Successful U.S. film director James Cameron has snapped up more farmland near the New Zealand capital, Wellington, not far from Oscar-winning colleague Peter Jackson. Cameron, the director of "Titanic" and "Avatar," two of the highest-grossing films ever, has bought more than 1,000 hectares (2,470 acres) in the Wairarapa region, around 80 km (50 miles) northeast of Wellington, land information records show. Cameron is the new owner of two separate properties in the area, which is renowned for its rolling coastal farmland used for beef, sheep and dairy farming, along with vineyards. Media reports said he had paid around NZ$20 million ($16.7 million) for the land. The records show that Cameron and his family, who currently live in Malibu, California, plan to "reside indefinitely" in New Zealand, and operate both properties as working farms. Jackson, possibly New Zealand's most famous export after he directed the "Lord of the Rings" trilogy, owns a large estate about 20 km (12 miles) away. It boasts a 20-metre high castle built on an island in a lake, along with pieces of sets from his Oscar-winning films. Jackson's next film "The Hobbit," the prequel to the Lord of the Rings trilogy, is due out later this year. Cameron's property move has hardened expectations that he will make large parts of two sequels to his 3-D science fiction epic Avatar in New Zealand. ($1 = 1.20 New Zealand dollars) (Reporting by Naomi Tajitsu; Editing by Paul Tait) Entertainment Fashion Film Tweet this Link this Share this Digg this Email Reprints Entertainment News From the Wrap Sony Reports Another Loss for 3Q -- Downgrades Annual Forecast 2:45am EST After another tough quarter, Sony has downgraded its annual forecast to a $2.9 billion loss Facebook IPO: Over-Hyped or a Good Investment? 01 Feb 2012 Facebook opened its books for the IPO and the balance sheet was impressive indeed, but analysts say its shares could still be overvalued One Million Moms to JC Penney: Ellen's Gay -- Fire Her 01 Feb 2012 The American Family Association's "One Million Moms" is angry at JC Penney for hiring the openly lesbian Ellen DeGeneres as a spokeswoman Reba McEntire Pilot 'Malibu Country' Lands at ABC 01 Feb 2012 Reba McEntire will play a divorcee who moves from Nashville to 'Malibu Country' to revive her singing career; ABC also orders comedy 'Prairie Dogs' We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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