Get the latest gossip
U.S. Labor Strikes, Economy & Incentive “Uncertainty” Led To 29% Decline In Drama Spend, Says Screen Australia
The U.S. labor strikes, economy and uncertainty were key to a drop in drama production spend in Australia in 2023/24, according to Screen Australia.
Screen Australia was keen to provide more color on the fall, noting that a “reduction in high-budget production activity across international TV and Australian theatrical features” had occurred, combing with weak global economics that caused “disruption across distribution platforms, business models and audience shifts influencing the market.” The U.S. writers and actors strike further compounded the issue, while changes to the Location Offset, which were confirmed in July, made for more confusion. “This year’s results confirm key trends in domestic activity, a contraction of free-to-air commercial TV drama and the increasing role of SVOD commissioning. “Children’s content continues to face significant pressure and remains reliant on government support, so we’re working to broaden the opportunities for development of Australian kids IP.
Or read this on Deadline