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Australian Screen Industry Investment Plummets, Report Shows
VarietyStory by Naman Ramachandran
scrn logline
Australia's screen industry grapples with a 29% plunge in total expenditure, signaling a troubling decline across free-to-air drama and theatrical features.
beat sheet
- Total industry spending fell to AUD1.7 billion ($1.08 billion), a sharp drop from the previous year, according to Screen Producers Australia.
- Investment in Australian titles decreased by 18%, from AUD1.128 billion, underscoring the growing challenges facing the country's once-thriving film and television landscape.
call sheet
Naman Ramachandran, Screen Australia, Screen Producers Australia