New Zealand’s Huhu Studios have signed an $86 million agreement with Chinese animation leaders, DeZerlin. The agreement will see through the production of five animated films over the next three to four years.

The deal is said to create at least 72 jobs in New Zealand. It is estimated that two-thirds of the work coming from the deal will be completed in New Zealand.

This deal demonstrates the phenomenal creative value of New Zealand’s animation and film industry, an industry that is clearly at the top of the global game.