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

Brendan Cowell in Plum. Screen Australia, which co-produced the series with the ABC, received less than one-tenth of government funding that went to the screen industry through direct funding and incentives in 2023-24.Brendan Cowell in Plum. Screen Australia, which co-produced the series with the ABC, received less than one-tenth of government funding that went to the screen industry through direct funding and incentives in 2023-24.

In 2023-2024 $1.7bn was spent on 169 Australian and international drama productions, compared to $2.4bn the previous year. And although global streaming platforms contributed the largest share of investment in television and video on demand drama, the Australian streaming platform Stan appeared to do the heavy lifting, contributing 12 titles to Australian screens last year, compared to four each fromIn total, the government provided $878m to the screen industry through direct funding and incentives in 2023-24.

“Despite these challenges, we’re optimistic about the future and confident that there will be an uplift in production in the year ahead.” Last week the Australian Communication and Media Authority released new research that showed a continued shift away from traditional live TV services, with more Australians using streaming services for video and audio content.

“No government can overlook a decline and conclude that all is well in the Australian screen industry,” he said.

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