thor love and thunder
Marvel Studios will film "Thor: Love and Thunder" in Australia beginning in August 2020. Marvel Studios

Disney’s acquisition of 20th Century Fox is continuing to pay dividends, both for the company itself and, now, for its subsidiaries.

According to a report from Variety, two of Marvel Studios’ Phase Four films are set to shoot at Fox Studios in Sydney, Australia, netting significant subsidies in the process. “Thor: Love and Thunder” with Chris Hemsworth and Natalie Portman will begin its shoot in August 2020, ahead of its November 2021 release. This will follow on the heels of “Shang-Chi and the Legend of the Ten Rings,” whose shooting schedule has not been confirmed ahead of its February 2021 release. “Love and Thunder” will receive approximately $16.7 million in subsidies for shooting in Australia.

“Shooting ‘Shang-Chi and the Legend of the Ten Rings’ and ‘Thor: Love and Thunder’ back to back will provide local crews with sustained, continuous employment opportunities,” Marvel Studios VP David Grant said. “We will be working with local educational institutions in creating internship opportunities.”

NSW communications minister Paul Fletcher confirmed that “Love and Thunder” alone will inject around $124 million into the Australian economy, create roughly 2,500 job opportunities, and utilize the services of about 1,650 local businesses.

“Shang-Chi” will feature Marvel Studios’ first Asian lead as Chinese-Canadian actor Simu Liu suits up as the Master of Kung-Fu to take on the Mandarin (Tony Leung), leader of the Ten Rings terrorist group.

“Thor: Love and Thunder” is the fourth entry in the “Thor” series and will feature Portman’s Jane Foster taking up the mantle of “The Mighty Thor,” a female version of the character introduced in the comics. It will also feature Hemsworth as the traditional Thor and Tessa Thompson as Valkyrie, the new King of Asgard.