SALT LAKE CITY — Disney will receive $17.1 million from Australia’s federal government so that it can shoot a currently untitled Marvel movie at Fox Studios Australia, Variety reports.
Disney received complete ownership of the studio location after the company’s deal with 21st Century Fox went through, according to Variety.
Disney could also receive an “offset” — which is a location incentive scheme that is connected to production spending in Australia, according to Variety.
- “The Australian government’s location incentive increases the existing location offset rate from 16.5% to 30% for eligible large-budget international productions that are successful through the application process,” according to Mitch Fifield, federal minister for communications and the arts, and Don Harwin, the New South Wales state government’s minister for the arts.
The untitled Marvel film could also dip into a $7.1 million per year Made in NSW fund that is intended “to support the attraction to NSW of significant international screen projects.”
Why: Australia’s federal and state governments explained to Variety that they will spend this money in order to create job and economic growth in the country.
Fifield told The Sydney Morning Herald that the film will bring the following to Australia:
- More than $150 million in new investment
- Create 4,700 new Australian jobs
- Use services from 1,200 local business.
Possible: The new film could be “Shang-Chi” or the “Black Widow” solo film, which are still in the early stages of development, according to the Sydney Morning Herald.
Flashback: Marvel’s “Thor: Ragnarok” was shot at the Village Roadshow Studios in Queensland, Australia. Marvel producer Brad Winderbaum told News.com in Australia that Australia was an “amazing” location for filming.
- “When we first were thinking about how to shoot the project, Australia was the exciting idea. The question was, is the incentive (government rebate) going to work out for the corporate guys?” he said.
- “But from a creative point of view it was by far the most exciting option. We were looking at the natural beauty of the place — there’s so much great natural wonder very close by that we could put on screen for the first time. I would shoot another movie out here in a heartbeat. It’s a great place to work, it’s a great place to live for months and months. I would recommend shooting here to anyone.”