Yesterday, Inside Film announced that Walt Disney Pictures in the middle of negotiations with Screen Australia and the federal government to recieve a 30% incentive to shoot a big-budget feature film in Australia next year.
IF is reporting that this film is Pirates of the Caribbean 5, which Disney has slated for a July 7 2017 release.
The previous federal government promised to pay Disney a cool $21.6 million to make 20,000 Leagues Under the Sea in Australia, but now with that project on hold, they’re asking the the funding to be topped up to 30% and applied to another film.
Their pitch to the government surfaced last when the MEAA wrote to Arts Minister Senator George Brandis in support of Disney’s request and to press for a permanent increase to the location offset from 16.5% to 30%.
“The strong Austalian dollar and increased competition between international jurisdictions has led to some of the lowest offshore production on record,” Mal Tulloch, the MEAA’S director of Entertainment, Crew and Sport. “As a result of uncertainty in this area, Australia is now being overlooked by international feature film producers.”
A spokesperson for the Ministry of the Arts confirmed to IF that “The Government is still currently in discussions with Disney on possible productions it may wish to film in Australia. These discussions are commercial in confidence.”
Johnny Depp is set to return to the franchise, which will have the subtitle Dead Men Tell No Tales accoring to directors Joachin Rønning and Espen Sandberg, alongside Geoffrey Rush, Christoph Waltz, Jack Davenport, and if rumors are true, Keith Richards.