For a few months now we’ve been hearing that Warner Bros. may have to move the Green Lantern production out of Australia as the rising Australian dollar has blown out production costs. Now it has been confirmed by THR that Green Lantern indeed be will be looking for a different country to film in.
The falling U.S. dollar has forced Warner Bros Pictures to reassess the viability of shooting a number of projects in several countries, after confirming Friday that its pulling production of “Green Lantern” out of Australia.
The studio said that “the current global economic situation, including fluctuations in currency valuation and overall costs,” forced the decision, in a statement issued through agency Screen NSW. “We have also had to reassess film projects in other countries as well,” it said.
On Friday the Australian dollar hit a 27-year high against the U.S. dollar, closing at 95 cents, a 30% decrease in value for the greenback since the shoot was announced six months ago, and which would reportedly add over $20 million in cost to the production.
“After working closely with our partners at the NSW Film and Television Office (Screen NSW) and examining every scenario, we have decided to move the production of ‘Green Lantern.’ We are extremely grateful for the assistance we have received from the NSW Government, Fox Studios and the NSW filmmaking community,” the statement finished.
Warner Bros. are apparently thinking of filming in either Mexico or Canada. Ryan Reynolds recently said that filming will begin in 5 months time, so hopefully they will get everything sorted so the film doesn’t get pushed back again.