RYAN REYNOLDS - GREEN LANTERN HITS PROBLEMS IN AUSTRALIA

GREEN LANTERN HITS PROBLEMS IN AUSTRALIA

RYAN REYNOLDS' new superhero movie THE GREEN LANTERN has hit its first hurdle - spiralling costs have forced studio bosses to scrap plans to film in Australia.
The blockbuster was due to begin production Down Under in April (10), but studio bosses have been hit hard by the strength of the Australian dollar, which soared to a 14-month high this month (Oct09).
The currency conversion would push the film over its $100 million (£66.7 million) budget, leaving movie bosses no choice but to scrap the start date and find another location.
The setback looks likely to affect the movie's scheduled June 2011 release date.
A statement from bosses at movie studio Warners confirmed the news: "The decision is a reflection of 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."