Report Confirms “Collapse” Of Investment In Australian Drama Production, Claims Local Producers Body
deadline.comAustralia has experienced a “collapse” of investment in drama production, according to the country’s screen producers body.
The 2023/24 Screen Australia Drama Report, released today, points to a market facing myriad financial problems, with the number of Australian productions down 17.5% and a “large reduction in overseas investment from streaming services,” the SPA claimed in a release.
While Australia has been on a hot streak when it comes to co-productions and growing its standing as an international production hub via various state and national incentive system’s the reports numbers in stark opposition.
There has been a “continued massive collapse of commercial television investment in the absence of effective regulation,” the body argued.
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