They are urging governments to impose stricter regulations on American streaming companies.
There are rumours Oscar-winning director Ron Howard is interested in working there.
Smith starred in many of the most popular films made in New Zealand in the 80s and 90s.
Weta Digital's visual effects studio will remain a standalone New Zealand entity.
Executives of the brand-new studios have been fielding inquiries from Hollywood bigwigs.
Buying MGM will allow Amazon to compete with Netflix and Disney+.
What border closures mean for the film and TV industry?
He died five days shy of turning 67.
Each production is set to create at least 500 jobs.