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Australian Screen Industry Investment Plummets, Report Shows
VarietyStory by Naman Ramachandran
scrn logline
Australia's screen industry suffers a major investment slump, with overall expenditure plunging 29% to just $1.08 billion in 2023-24.
beat sheet
- 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.
call sheet
Screen Australia, Screen Producers Australia (SPA)