Published: October 29, 2018
Spending on foreign productions in Australia fell 85% to $96 million – the lowest investment in a decade
The annual Screen Australia Drama Report has announced a record year for spending on local film and TV productions, with $718 million invested in homegrown titles during the 2017/2018 financial year.
This record expenditure (up 7% from last year) arrives despite the federal government cutting the screen funding body’s budget by $51.5 million over four years, beginning in 2013. Those cuts were absorbed in part by lowering operating costs and attracting foreign financing.
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