The Federal Government is handing Disney's Marvel Studios $24 million to secure a big-budgeted superhero movie that will shoot at Fox Studios and on locations in Australia.
Simu Liu will play the title character in Marvel Studios' 'Shang-Chi and the Legend of the Ten Rings', the first Asian lead in a Marvel superhero movie.
The next instalment in Marvel's 'Thor' franchise, 'Thor: Love and Thunder', helmed by Taika Waititi and set to star Chris Hemsworth and Natalie Portman, will be filmed at Fox Studios in Sydney.
Ausfilm has named Kate Marks as CEO after acting in the post since the departure of Debra Richards at the end of August.
The coronavirus pandemic has resulted in the cancellation of four screen industry events, halted production on Netflix's Clickbait and two major movies, and postponed shooting of two big TV reality shows.
The coronavirus pandemic has forced the suspension or postponement of 119 screen productions, resulting in a loss to the production sector of $471 million.
The Federal Government has announced a seven-year, $400 million incentive to attract film and television productions to Australia.
The expected flood of applications from overseas producers for the Federal Government's seven-year, $400 million extension of the Location Incentive Program (LIP) could prove to be a challenging exercise for the authorities.