Yahoo Movies
Please enable Javascript

Javascript needs to be enabled in your browser to use Yahoo Movies.

Here’s how to turn it on: https://help.yahoo.com/kb/enable-javascript-browser-sln1648.html

Oz Government Gives Disney $22.5M To Lure ’20,000 Leagues’ Shoot To Australia

Oz Government Gives Disney $22.5M To Lure ’20,000 Leagues’ Shoot To AustraliaOz Government Gives Disney $22.5M To Lure ’20,000 Leagues’ Shoot To Australia

In the largest inducement it’s ever offered to a Hollywood production, the Australian government has confirmed it will give Disney a one-off payment of $22.5M to shoot 20,000 Leagues Under The Sea: Captain Nemo in Oz. Sources tell Deadline the greenlight on the David Fincher film is still contingent on casting, but it is expected that Fox Studios in Sydney and Village Roadshow Studios in Queensland will share hosting of the production. Disney executives had asked the federal, New South Wales and Queensland governments for subsidies which would effectively lift the 16.5% location rebate to 30%, similar to the $12.8M payment by the federal government which persuaded Fox to shoot The Wolverine in Sydney. 20,000 Leagues, which is budgeted at about $150M, could create up to 2,000 jobs, the government said. Last month, the government provided $20M in new funding to attract international productions and said it was committed to raising the location rebate if the Oz dollar remains high, but it did not set a time.

Get more from Deadline.com: Follow us on Twitter, Facebook, Newsletter