Aussie dollar too strong for Green Lantern
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The Green Lantern was due to start filming in Sydney in November. (www.lolradiohead.com)
Comic book movie The Green Lantern will no longer be shot in Australia, due to the strength of the dollar.
The big-budget adaptation was due to start filming in Sydney in November, but Warner Bros is now looking at locations in the US and Canada after the Australian dollar shot to more than $US0.92.
The dollar is tipped to reach parity or more in the coming weeks - meaning a blow-out in costs for the filmmakers.
"After working closely with our partners at the NSW Film and Television Office and examining every scenario, we have decided to move the production of Green Lantern," Warner Bros said in a statement through Screen NSW.
"The decision is a reflection of the current global economic situation, including fluctuations in currency valuation and overall costs."
The Green Lantern is due to be released in 2011.
It stars Ryan Reynolds in the title role and is to be directed by Martin Campbell.
The production was expected to create about 500 jobs in New South Wales, which secured the film over Victoria and Queensland.
Warner Bros has shot films such as the Matrix trilogy and Superman Returns in Sydney in the past.
- AAP/ABC
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