New projects are on the chopping block, along with a Screen NSW rebate scheme for game developers and visual effects and the Blockbusters Funding Initiative, aimed at bringing major cultural exhibitions from across the globe to Sydney.
"Businesses need to think about whether they can remain in this state, and the responses we've had is that most will need to either close down or relocate." "We will not be able to fix all this damage in the upcoming first budget, it's going to take time," he said.
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