Weak dollar disgorges Alien, Thor sequels

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From the ABC:

The next Thor and Alien movies will be produced in Australia, Foreign Minister Julie Bishop has announced.

Australian actor Chris Hemsworth will resume his superhero role in Thor, while Alien: Paradise Lost will bring acclaimed creator Ridley Scott to Australia.

Ms Bishop said production would begin next year.

“During recent visits to both Los Angeles and New York, I met with senior executives of major film and production houses, with Walt Disney Company, Marvel, 20th Century Fox, Warner Brothers, Village Roadshow, NBC Universal and directors Ridley Scott and Brett Ratner, who all expressed a very keen desire to invest in significant new film production projects right here in Australia,” she said.

“They specifically spoke about the value in Australia as a filming destination, the quality and variety of our locations, but more importantly our highly qualified and talented workforce, our embrace of innovative technology, our stable economy, our dollar, all this makes Australia an attractive destination.”

The weak dollar is the key here, you never know what increased competitiveness will throw up, certainly an Alien and Norse God is a surprise.

A $47 million dollar grant from Mr Turnbull probably did no harm, either. Not that we pick winners!

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.