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Warner Bros. Pictures has decided to begin shooting Green Lantern at Fox Studios Australia in Sydney this November. The film’s budget is estimated to be around $150 million, which is approximately the amount Watchmen was made for.
The reason behind the choice of shooting location is because $150 million is actually worth a lot more in Sydney. Not only has there been a large decline in value of the Australian dollar, but the Australian federal government is offering an additional 15% location rebate.
New South Wales premier Nathan Rees has stated that the “substantial investment in digital effects work will create hundreds of jobs. Production is expected to employ 500 people at any given time, including 100 performers, 200 crew, and thousands of extras.”
Martin Campbell (Casino Royale, GoldenEye, The Legend of Zorro) is signed on to direct the film.
Green Lantern is currently aiming for a December 17, 2010 release date.