Look out Hollywood, here comes Clive Palmer

Australia's mining tycoon Clive Palmer is entering the movie business.

The millionaire is already a politician, founder of mining company Mineralogy, resort-owner and ship-builder. Now, it appears that Palmer has registered a production company, Palmer Pictures.

The millionaire Tweeted on Monday:

 

Palmer is currently building Titanic II, a replica of the original Titanic which is expected to set sail in 2016.

In an interview with Courier Mail, Palmer told reporters that his film will be "a lot better" than James Cameron's Titanic.

"The script's looking pretty good at the moment – it's not finished but it's very interesting." He also reveled that the film will have "some love in it."

Reactions to Palmer's announcement: