THERE could be some good news for the Gold Coast film industry.
Deadline reported on Monday that in recent years, the strong Australian dollar has hampered our ability to attract large-scale foreign films.
But now Disney is understood to be considering an early 2015 shoot for Pirates Of The Caribbean: Dead Men Tell No Tales in Australia.
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The website explained that last year, the Federal Government confirmed it would give Disney a one-off payment of $21.6 million to shoot 20,000 Leagues Under The Sea: Captain Nemo in Australia.
However, with the status of that film unclear, Deadline understood that discussions are underway to transfer the incentive to Pirates 5.
The original amount offered to 20,000 Leagues was in addition to the standard 16.5% tax rebate on local spend by foreign productions in Australia, and effectively raised the rebate to 30% — a figure the local industry has long lobbied for as the standard.
In the May budget, the Coalition announced $38 million in cuts to Screen Australia over four years.