Hollywood’s as trendy about film locations as it is about velour track suits. And the latest hot spot turning heads? New Zealand. Tom Cruise and Gwyneth Paltrow are filming their respective films there, and it’s Disney’s and CBS’s pick for some upcoming TV movies. Studio execs were wowed by the variety of stunning landscapes they saw in “Lord of the Rings”—beaches, mountains, glaciers, farmland—all of which are close to cosmopolitan cities. So now the buzz is that when it comes to a location that’s both cheap and chic, New Zealand is the new Australia (which, coincidentally, used to be the new Canada). [More]

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