DiCaprio’s ‘Gatsby’ to Be Filmed in Sydney in $120 Million Boost

Photographer: Stephen Vaughan/Warner Bros. via Bloomberg

Leonardo DiCaprio in "Inception." Close

Leonardo DiCaprio in "Inception."

Photographer: Stephen Vaughan/Warner Bros. via Bloomberg

Leonardo DiCaprio in "Inception."

Leonardo DiCaprio, the Oscar- nominated U.S. actor, will assume the title role in a remake in Australia of ‘The Great Gatsby’ after Sydney beat New York to produce the movie.

Baz Luhrmann will direct the Warner Bros.-backed film, based on the 1920s novel by F. Scott Fitzgerald, and production will inject more than A$120 million ($120 million) into the state’s economy, the New South Wales government said in a statement today.

DiCaprio, who worked with Luhrmann 15 years ago in ‘Romeo + Juliet,’ reprises a role made famous in 1974 by Robert Redford. The agreement to make the movie in Australia comes even after its currency gained 13 percent against the U.S. dollar in the past year.

“Australia was thought to be losing international filmmaking due to the strong Aussie dollar,” Premier Kristina Keneally said in the statement. “This is a big win.”

Luhrmann was born in New South Wales and directed the 2008 movie ‘Australia,’ according to the Internet Movie Database.

To contact the reporter on this story: Angus Whitley in Sydney at awhitley1@bloomberg.net

To contact the editor responsible for this story: Paul Tighe at ptighe@bloomberg.net

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