Australian Screen Industry Investment Plummets, Report Shows

Image from Variety

• Screen Australia's latest Drama Report shows a staggering 29% drop in total industry expenditure, with spending falling to AUD1.7 billion ($1.08 billion) - a significant blow for the local entertainment sector.
• The downturn impacts multiple segments, including a notable reduction in free-to-air drama and theatrical feature investment, with Australian title investment declining by 18% from AUD1.128 billion in the previous year.