Green Lantern Appears Powerless Against the Australian Dollar

Posted by Neil Miller (neil@filmschoolrejects.com) on August 26, 2009

Two things that can ruin a good comic book movie buzz: script delays and a rising currency exchange rate. In the case of Warner Bros’ Green Lantern movie, it is a little bit of both.

The film, which is set to star Ryan Reynolds as Hal Jordan a.k.a Green Lantern, is reportedly having some financial trouble due to a sudden rise in the value of the Australian dollar. According to Australia’s Inside Film, Warner Bros. is currently back in negotiations with the Aussie government for additional concessions in an effort to get back $15-25 million dollars in value eroded by currency gains. The Australian dollar has climbed more than 16% since the deal was signed for Green Lantern to shoot down under.

The film was originally scheduled to shoot in November, but script delays have pushed it back indefinitely, leaving the production susceptible to the currency issues. Once a project is green-lit, it locks in the financials, but in this case the delays are costing Warner Bros. more than just development money.

Neither the studio nor the Australian government is commenting on the situation, leaving press in the dark, speculating on rumors. However, if this turns out to be true, that could put Green Lantern in jeopardy of being pushed back even further. All we can hope is that they work out the script and get to shooting before the Aussie dollar becomes even more valuable and the Martin Campbell-directed pic gets canned.

Are you still excited for The Green Lantern?

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