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Investment in film and TV made in Australia plummets by almost 30%, report finds

Global streaming platforms biggest investors but Australian company Stan contributed the most locally produced titles

Investment in feature films and television dramas made in Australia has tanked, according to the latest report by the government’s funding body for the screen production industry. In the 2023-2024 financial year, spending dropped by almost 30%, Screen Australia’s annual drama report released on Tuesday shows – 10% below a five-year average which included a massive slump in production in 2020 due to Covid-19. Uncertainty over the federal government’s commitment to incentives designed to attract major Hollywood productions was also to blame, after a$540m fund ran dry four years ahead of schedule.

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