Aussie dollar too strong for Green Lantern
Posted
Updated
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
Comments
Comments for this story are no longer available. ABC policy is to delete comments on stories three months after they are published.
Search ABC News
Featured Video
-
Video
News 24 presenter Jane Hutcheon interviews David Remnick for One Plus One
-
Video
Friends and family commemorate the life of Brisbane soldier Private Grant Kirby, who was killed by an improvised bomb in Afghanistan.
-
Video
Serbian chefs say they've cooked-up the world's biggest hamburger pattie
-
Video
A large group of tiger sharks has been spotted from north of Noosa to south of Hervey Bay in south-east Queensland.
The ABC News Online Investigative Unit encourages whistleblowers, and others with access to information they believe should be revealed for the public good, to contact us.