The Australian government has agreed to give Marvel Studios a $17.1 million subsidy in agreement for the studio to film an unspecified Marvel Cinematic Universe film there, according to Variety. In addition to that, Marvel will be eligible to additional government funds that the Hollywood trade estimates could be as high as $20.9m, for a total of $38m.
"Securing this latest production will bring over A$150 million (US$107 million) of new international investment, create 4,700 new Australian jobs and use the services of around 1,200 local businesses,” said Australia's Federal Minister for Communcations and the Arts, Mitch Fifield.
Both the government and the studio wouldn't disclose the film, simply described "a major new Marvel Studios movie" and "a big-budget superhero film."
There are four announced Marvel Studios films coming up: Black Widow, The Eternals, Guardians of the Galaxy Vol. 3, and Shang-Chi. A sequel to 2016's Doctor Strange has also been reported.
"Marvel Studios thanks the Australian and NSW Governments and is thrilled to be returning to Australia to work with the talented and highly skilled Australian crew, stunt performers and actors together with the thousands of small businesses across Australia that supply world class equipment, goods, facilities and services to large budget productions” said David Grant, VP of Marvel Studios.
The last Marvel film to shoot in Australia was 2017's Thor: Ragnarok, which also received subsidies from the federal government.