You will be redirected back to your article in seconds

Australia Agrees to Funding for Disney’s ‘Pirates 5’

HONG KONG – Australia’s federal government has agreed to provide some US$20.2 million( A$21.6 million) of financial incentives in order to attract Disney’s upcoming “Pirates of the Caribbean: Dead Men Tell No Tales” to shoot in the country.

The agreement was announced by federal arts minister George Brandis.

Disney had previously received agreement for federal government funding of “20,000 Leagues Under The Sea,” but that project was shelved when director David Fincher dropped out.

Disney sought to have the funding promise re-allocated to the new film and topped up to a figure equal to 30% of its Australian budget.

“The government is pleased to agree to Disney’s request to enable earlier funding to be repurposed for the production of ‘Pirates of the Caribbean 5’,” said Brandis in a statement. “Any decision to film productions in Australia (such as ‘20,000 Leagues Under the Sea’ or ‘Pirates of the Caribbean 5’) is a commercial matter for Disney.”

The Brandis commitment falls short of the figure Disney is seeking, but it remains possible that Australian state governments will provide further cash in order to bring the production to regional locations and studios.

The studio is believed to be weighing up alternative locations including those in Mexico with water tanks where “Titanic” was filmed.

The state government in Queensland – home to the Village Roadshow Studios, located at Gold Coast – has said that it has ‘”done all that it can” to attract the production. And Australian craft union MEAA has endorsed an agreement in principle for “Pirates 5.”

Production would be expected to begin in early 2015, for a release of the completed picture in 2017.

Many in the Australian industry hope that the country’s production rebate systems will be raised to 30% for all inbound productions.

The country has regularly been a preferred overseas location for major Hollywood movie shoots, but currency movements and growing financial competition from other locations has slowed the inflow in the last couple of years. That competition was made keener only last week when California agreed to increase its incentives.

Dwayne Johnson-starring “San Andreas” recently shot in Australia.

More Film

  • Sean Young Harvey Weinstein

    Actress Sean Young Alleges Harvey Weinstein Exposed Himself to Her

    HONG KONG – Australia’s federal government has agreed to provide some US$20.2 million( A$21.6 million) of financial incentives in order to attract Disney’s upcoming “Pirates of the Caribbean: Dead Men Tell No Tales” to shoot in the country. The agreement was announced by federal arts minister George Brandis. Disney had previously received agreement for federal […]

  • Woman Walks Ahead TIFF

    Jessica Chastain's 'Woman Walks Ahead' Lands at A24, DirecTV

    HONG KONG – Australia’s federal government has agreed to provide some US$20.2 million( A$21.6 million) of financial incentives in order to attract Disney’s upcoming “Pirates of the Caribbean: Dead Men Tell No Tales” to shoot in the country. The agreement was announced by federal arts minister George Brandis. Disney had previously received agreement for federal […]

  • Canal Plus

    Canal Plus, Telecom Italia Launch Joint Venture

    HONG KONG – Australia’s federal government has agreed to provide some US$20.2 million( A$21.6 million) of financial incentives in order to attract Disney’s upcoming “Pirates of the Caribbean: Dead Men Tell No Tales” to shoot in the country. The agreement was announced by federal arts minister George Brandis. Disney had previously received agreement for federal […]

  • The Breadwinner Tehran Taboo Animation Is

    Animation Is Film Festival Readies Its L.A. Debut

    HONG KONG – Australia’s federal government has agreed to provide some US$20.2 million( A$21.6 million) of financial incentives in order to attract Disney’s upcoming “Pirates of the Caribbean: Dead Men Tell No Tales” to shoot in the country. The agreement was announced by federal arts minister George Brandis. Disney had previously received agreement for federal […]

  • Geostorm

    Film Review: 'Geostorm'

    HONG KONG – Australia’s federal government has agreed to provide some US$20.2 million( A$21.6 million) of financial incentives in order to attract Disney’s upcoming “Pirates of the Caribbean: Dead Men Tell No Tales” to shoot in the country. The agreement was announced by federal arts minister George Brandis. Disney had previously received agreement for federal […]

  • Naomi Watts

    Naomi Watts to Star in Psychological Thriller 'The Wolf Hour'

    HONG KONG – Australia’s federal government has agreed to provide some US$20.2 million( A$21.6 million) of financial incentives in order to attract Disney’s upcoming “Pirates of the Caribbean: Dead Men Tell No Tales” to shoot in the country. The agreement was announced by federal arts minister George Brandis. Disney had previously received agreement for federal […]

  • Boo 2! A Madea Halloween

    Box Office: 'Boo 2! A Madea Halloween' Draws $760,000 on Thursday Night

    HONG KONG – Australia’s federal government has agreed to provide some US$20.2 million( A$21.6 million) of financial incentives in order to attract Disney’s upcoming “Pirates of the Caribbean: Dead Men Tell No Tales” to shoot in the country. The agreement was announced by federal arts minister George Brandis. Disney had previously received agreement for federal […]

More From Our Brands

Access exclusive content