The Green Lantern is one of many films being forced to relocate due to the falling U.S. dollar, reports THR. Production on the Martin Campbell film is pulling out from the land of Oz and coming to America. Rumors surfaced weeks ago about the financial cloud that was hovering over the DC comic adaptation, but there was no official statement regarding the issue, until now.

“After working closely without partners at the NSW Film and Television Office (Screen NSW) and examining every scenario, we have have decided to move the production of Green Lantern. We are extremely grateful for the assistance we have received from the NSW Government, Fox Studios and the NSW filmmaking community,” said a statement from Warner Bros.

Whether you care about the film industry or not it’s changing and probably not for the better. Will filming Green Lantern in America really be any different from filming it Australia? Probably, but one thing is for sure; it no longer matters whether you’re a major studio like Warner Bros. or an independent because everyone seems to be having a hard time.

The Green Lantern is expected to migrate over to Canada or Mexico. Ryan Reynolds is still on board to star and the set date for release is still summer 2011.

Worried about the future of filmmaking? Tell us what you think.