With the strengthening Australian dollar headed toward parity with the weakening American dollar, Warner Bros. Pictures has officially pulled out of plans to shoot the “Green Lantern” project at Sydney’s Fox Studios says The Hollywood Reporter.
The studio says “the current global economic situation, including fluctuations in currency valuation and overall costs. We have also had to reassess film projects in other countries as well. 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'”
The production is now expected to setup shop in either Mexico or Canada for its shoot next year. Ryan Reynolds stars as the titular costumed hero.