Australian Screen Industry Investment Plummets, Report Shows

Story by Naman Ramachandran

Image from Variety

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Australia's screen industry suffers a major investment slump, with overall expenditure plunging 29% to just $1.08 billion in 2023-24.

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Free-to-air drama and theatrical feature investment both saw significant declines, as the industry's downturn spans multiple sectors.
Spending on Australian titles dropped 18% from the previous year, according to the latest Drama Report by Screen Australia – a major blow to the local entertainment landscape.

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Screen Australia, Screen Producers Australia (SPA)