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

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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.

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