Producers have been spotted there scouting for possible locations

Aug 5, 2014 11:45 GMT  ·  By
“Pirates of the Caribbean 5” is set to be filmed in Australia's Gold Coast
   “Pirates of the Caribbean 5” is set to be filmed in Australia's Gold Coast

Days ago it was confirmed that “Pirates of the Caribbean 5” was going to be released in July 2017, and now we're hearing our first rumors regarding the production process. The movie's production team has reportedly set off for the sunny shores of Australia, looking for their next film location.

The Daily Mail has the tip that the fifth installment in the very successful franchise is going to start filming next year on Australia's Gold Coast, in Queensland. The production team has had their eyes on the Village Roadshow Studios on the Gold Coast, as well as other locations in South East Queensland along with Southport Seaway and Cleveland Point.

The local film industry is now abuzz with the speculation that the giant franchise could be coming to their shores to film the movie. This would mean a massive influx of money for the Australians, as well as creating hundreds of jobs for the duration of the shooting process.

Their calculations are not wrong. Considering the fact that the third “Pirates of the Caribbean” movie, “At World's End,” was the most expensive film ever made, nearing three hundred and a half million dollars, it's safe to assume that the studio is not going to scrounge on the fifth one.

However, until the studio signs on the dotted line, nothing is certain, so many in the Australian film industry are holding their breath and their fingers crossed. One insider has revealed that the studio is still in talks with the government, trying to work out a deal that's good for both sides.

Though negotiations are said to be going along very well, one insider claims that “We are definitely in the mix, but it's all subject to rebates and incentives.” You see, the Australian film industry can't afford to lose this big a contract, so it's expected that they are going to offer some tax incentives as well as some government fund in order to ensure that the film is going to be made on the Gold Coast.

With the local industry going through a period of low activity at the moment, it's considered that the new pirate movie would be a great way to boost the local economy, as well as give a very big cash injection.

Among the last film filmed in Australia there have been Angelina Jolie's WWII epic “Unbroken,” Hugh Jackman's “The Wolverine,” and the latest is Dwayne Johnson's “San Andreas.” Movies like “Battleship” and the first “Pirates of the Caribbean” took their business to Hawaii and this was considered a blow to the Australian film industry.