$A impacts plans to film Green Lantern

Superhero movie The Green Lantern will no longer be shot in Australia due to the
strength of the Aussie dollar.
The big-budget adaptation of the comic book superhero was due to start filming in
Sydney in November, but Warner Bros is now looking at US and Canadian locations
since the Australian dollar shot to more than $US0.90.
The dollar is tipped to reach parity or more in the coming weeks - meaning a
blow-out in costs for the filmmakers.
"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," Warner Bros said in a statement through Screen NSW.
"The decision is a reflection of the current global economic situation, including
fluctuations in currency valuation and overall costs."
The Green Lantern, due to be released in 2011, stars Ryan Reynolds and is directed
by former James Bond director Martin Campbell.
The production was expected to create about 500 jobs in NSW, which secured the film
over Victoria and Queensland.
Warner Bros has shot films such as the Matrix trilogy and Superman Returns in Sydney
in the past, and said it looked forward to filming in Australia again in the future.