The film industry has largely welcomed the federal government's $400 million incentive to attract Hollywood movies and television series but warned about the urgent need for more support for hard-hit Australian productions., to run over seven years, aims to create 8000 jobs annually and take advantage of the country's success managing COVID-19 compared to such rivals for international production as various US states, Canada and Eastern Europe.
The scheme allows foreign producers to get cash grants that top-up the existing tax offset of 16.5 per cent to a more internationally competitive 30 per cent, with government modelling suggesting it will attract $3 billion in foreign expenditure.Ausfilm chief executive Kate Marks said the scheme "ensures Australia will now be in a position to secure a significant pipeline of large budget productions".
But Deaner said the scheme highlighted a lack of support for Australian production, with television companies and streaming services able to get a 30 per cent incentive for foreign production but just a 20 per cent incentive for Australian shows. Free TV, which represents commercial broadcasters, found the incentive frustrating given the uncertainty about the local industry.
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‘Lights, camera, jobs’: PM announces $400m for film industry | Sky News AustraliaPrime Minister Scott Morrison has announced a $400 million package to lure some of Hollywood’s biggest names to the Gold Coast, in a bid to boost the local film industry.\n\n'We have Disney making films here, we got the Marvel syndicate, they have known it for many years, our capability,' Mr Morrison said.\n\n'They know this is a safe place to make a film. \n\n'This is an industry that can be drawn on here in Australia to produce world class productions.'\n\nThe scheme will take place initially over three years and is projected to bring in about $30 billion worth of revenue and create 8,000 jobs.\n\nThe move was also incentivised by a boost to a tax offset which the government planned to expand from 16.5 per cent to 30 per cent.\n\nThis comes as Hollywood studios struggle to keep productions going, as California grapples with the coronavirus pandemic.\n ScottMorrisonMP You can go to Qld from Hollywood but not from Melbourne. ScottMorrisonMP Great. Americans. Just what we need. These are low-paid jobs without any long-term vision or prospect
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australian film industry to receive $400m boost in bid to attract overseas productionsPrime Minister Scott Morrison will visit the Gold Coast today to pledge additional funding for the local film and television industry, promising $400 million in a bid to attract overseas investors. We need a pool of perhaps 40% of the population with zero job security, on minimum wages (or better still less) crawling over each other in a race to the bottom on wages and conditions. If they get an hour's work, tick them off as having a 'job'. They'll even blame themselves! emptypromises Can’t wait for people to find negativity here. Go:
Source: abcnews - 🏆 5. / 83 Read more »
‘Lights, camera, jobs’: PM announces $400m for film industry | Sky News AustraliaPrime Minister Scott Morrison has announced a $400 million package to lure some of Hollywood’s biggest names to the Gold Coast, in a bid to boost the local film industry.\n\n'We have Disney making films here, we got the Marvel syndicate, they have known it for many years, our capability,' Mr Morrison said.\n\n'They know this is a safe place to make a film. \n\n'This is an industry that can be drawn on here in Australia to produce world class productions.'\n\nThe scheme will take place initially over three years and is projected to bring in about $30 billion worth of revenue and create 8,000 jobs.\n\nThe move was also incentivised by a boost to a tax offset which the government planned to expand from 16.5 per cent to 30 per cent.\n\nThis comes as Hollywood studios struggle to keep productions going, as California grapples with the coronavirus pandemic.\n ScottMorrisonMP You can go to Qld from Hollywood but not from Melbourne. ScottMorrisonMP Great. Americans. Just what we need. These are low-paid jobs without any long-term vision or prospect
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australian film industry to receive $400m boost in bid to attract overseas productionsPrime Minister Scott Morrison will visit the Gold Coast today to pledge additional funding for the local film and television industry, promising $400 million in a bid to attract overseas investors. We need a pool of perhaps 40% of the population with zero job security, on minimum wages (or better still less) crawling over each other in a race to the bottom on wages and conditions. If they get an hour's work, tick them off as having a 'job'. They'll even blame themselves! emptypromises Can’t wait for people to find negativity here. Go:
Source: abcnews - 🏆 5. / 83 Read more »