The Green Lantern In Budget Trouble

Published 5 years ago by , Updated August 26th, 2009 at 12:08 pm,

green lanternring The Green Lantern In Budget Trouble

Inside Film nabbed the exclusive news that The Green Lantern shoot, which was originally set to shoot this fall at Fox Studios in Sydney, Australia, is now under threat by the rising value of the Australian dollar, which has ballooned the cost of the $150 million Warner Bros. production by a reported $15-25 million.

Warner Bros. is said to currently be in negotiations with the NSW State Government for added concessions and breaks that would compensate for the inflated cost of the movie. However, if that deal can’t be worked out for an equitable price, Green Lantern would have to relocate its entire shoot, which would likely delay production.

Now in the case of most offshore productions, financing rates are locked in at the time the deal is struck. However, in the case of The Green Lantern, it is alleged that the ongoing revisions to the script prevented the necessary financing provisions from being locked in, leaving the production costs open to market fluctuation. Since the production deal was initially made the  Australian dollar has seen a 16% increase in value.

From a legal standpoint it doesn’t look like WB has much of a leg to stand on, other than asking “pretty please” for a favor. The Sydney government might consider extending that favor, though, as The Green Lantern production was going to create about 500 local jobs for extras, crew members, etc…

green lantern ryan reynolds fan poster The Green Lantern In Budget Trouble

Really after all the legal madness Warner Bros. went through last year with Watchmen I’m surprised that they have so quickly fallen victim to yet ANOTHER contractual error. How do you take time for script rewrites at the risk of your budget? I’ve never understood studio politics so I’m not going to start tying now. I just hope this issue doesn’t delay Green Lantern anymore than the film already has been.

I could tell you when The Green Lantern is set to go into production and when it’s set to be released… but at this point would any of that info even be accurate?

Source: Inside Film

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10 Comments

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  1. Did I just walk into some type of timeloop or something? WB in legal trouble AGAIN?! I tell you what WB, I’ll do your legal stuff and take about half the salary of your legal department. I couldn’t do any worse. GEEZEE PEEZEE!!

  2. This is a perfect “Haa Ha, you can’t afford your movie!” moment.

    Voice of (Melvin from the Simpsons) impersonated,, ;-)

  3. I hope everything works out…

  4. Well at least this makes way for Deadpool!

  5. “But seriously”

    Interesting news, but I think this will all get worked out. I don’t see this delaying the film. ;-)

  6. This may actually go down the same road as Superman did all those years until they turned out Superman Returns. Rewrites, budget problems etc. But I’m optimistic about this, WB will make this happen, I hope.

  7. I hope this is just a minor setback because there would be a whole lot of fans who would be very, very disappointed this movie doesn’t get made.

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