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 a 10th of government funding that went to the screen industry through direct funding and incentives in 2023-24. Photograph: Brook Rushton

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 2023-24 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.