The $150 million epic, The Green Lantern, starring Ryan Reynolds may be in a bit of trouble. It seems that rather than the villainous, Sinestro, the Emerald Crusader is being beat-down by none other than the inflating US Dollar.
Originally lured to Australia with promises of tax-breaks and creating a miniature economic boom, director Martin Campbell had already scouted filming locations in Sydney and Melbourne. Now, the production is facing an Australian dollar that is increasing beyond anticipation, and may possibly become a game-changer for the big-budget comic epic. According to Australia's Inside Film:
"The value of the Australian dollar has climbed by more than 16 per cent since the State Labor government announced the deal to film at Fox Studios in mid-April. The big-budget Hollywood blockbuster was expected to create around 500 local jobs, including 100 performers and 200 crew."
Will this force a relocating effort that may possibly cause serious delays for the film? That, of course, remains to be seen. At the moment, Warner Bros. is attempting to negotiate with the NSW (New South Wales) State Govenment in an effort to level those currency disparities, which represent a potential $15-25 million USD in losses. It may be a difficult effort, seeing as they likely have no legal leg on which to stand. However, the prospect of an economic boom from the aforementioned big-budget Hollywood job opportunities and circulating spending money being present in the country, just might be the leverage they need to persuade the legislators. Thus far, neither party has offered any comments on the progress of those negotiations.
As of now, The Green Lantern is still currently projected for a release date of June 17, 2011.