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Australian Screen Industry Investment Plummets, Report Shows
Screen Australia's latest Drama Report reveals a sharp 29% drop in total industry expenditure for 2023-24.
“These figures lay bare what is an ongoing letdown for Australians from international streaming businesses that have disrupted the existing screen ecosystem,” Deaner said. The report identified several concerning trends, including a 42% decline in Australian theatrical feature expenditure and a 28% decrease in children’s TV/VOD title spending. SPA underlined the need for government intervention, calling for streaming service content regulations and increased funding for public broadcasters ABC and SBS.
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