Warner Bros. and DC Comics’ next big budget feature, the big-screen adaptation of “Green Lantern” will be made at Fox Studios Australia in Sydney, according to the Hollywood Reporter.

Martin Campbell (“Casino Royale”) will be directing the comic book’s big screen adaptation, working from a script by Greg Berlanti and Michael Green. THR are also reporting that the estimated budget of the space-cop comic book film will be $150 million.

Pre-production on “Green Lantern” is set to begin in July of 2009, and filming is scheduled to start in November. Warner Bros. are hoping to release the film in December of 2010.

The Green Lantern is a DC Comics character, though the name is used by several characters. The first debuted in 1940, though arguably the most famous, also known as Hal Jordan, first appeared in 1959 in DC’s “Showcase”. The Green Lanterns are an intergalactic police force who use a weapon called a Power Ring, which when charged from a lantern-shaped battery, can allow the wearer to fly through space and form various constructs and images out of green energy, controlled by sheer force of will. Described in the comics as perhaps “the most powerful weapon in the universe”, only beings who are utterly fearless can use the ring.

Keep checking with Shockya.com for more Green Lantern news.

By Costa Koutsoutis (Souce: The Hollywood Reporter)