The commission also said the film's distributor, Walt Disney Pictures, provided a skills and talent development programme, including mentoring for a team of Kiwi writers and also an associate role for an emerging New Zealand producer.
Other Disney films with roots in New Zealand include Mulan, which was directed by Kiwi Niki Caro, and starring Kiwi actors Yoson An and Xana Tang. Mulan is set to be released in March this year.
Lowery's other directing credits include the 2017 film A Ghost Story and The Old Man & the Gun, a 2018 drama starring Robert Redford. The director is currently filming medieval fantasy Green Knight.
Numerous adaptations and sequels to the 1953 Disney film, which was based on J M Barrie's 1904 play, have been made. The successful applicant for the Peter Pan role will be following in the footsteps of some big Hollywood names, including Robin Williams, who starred in Steven Spielberg's Hook, alongside an A-list line-up of Julia Roberts, Dustin Hoffman, Maggie Smith and Bob Hoskins.
Based in Neverland, the magical land of pirates and mermaids, Lowery's film will see Peter go to London to get Wendy Darling and her siblings, and fly them to Neverland, while also going head-to-head with his old nemesis Captain Hook. The film will be distributed by Walt Disney Studios Motion Pictures.
Submissions for auditions with Catch Casting close January 31.