Studio heads at Warner Bros are moving production of the "Green Lantern" movie from Sydney to Mexico after costs were escalated by the rising value of the Australian dollar.
According to Inside Film, the decision hasn’t been finalized yet. But if the production were to remain in Australia, it would cost an additional $20 million to make.
The site quotes an anonymous source allegedly connected with the studio as saying, “We still haven’t given up on ‘Green Lantern,' but the way the exchange rate is going up it’s looking more and more unlikely.”
The financial problems for the film first came to light back in August, when it was revealed that Warner Brothers’ failure to secure needed tax breaks from the Australian government and the unexpectedly strong Australian dollar had exponentially driven up the cost of the film.
Additionally, “Green Lantern” director Martin Campbell has reportedly made “substantial script amendments”, which could require the film’s budget to increase.
Production of “Green Lantern” has already been pushed back from November to early next year, potentially endangering its current June 2011 release date. The movie will star Ryan Reynolds as the DC Comics superhero.
More news to come! Catch ya' later!
Sources: MTV News, The Geek Files