Screen industry set for $400m federal boost

Original article by Tom McIlroy
The Australian Financial Review – Page: 6 : 17-Jul-20

The federal government has announced $400 million in additional funding for the film and television industry as Australia hopes to take advantage of its success in dealing with COVID-19 to lure productions from other countries. The government hopes the expansion of its incentive scheme rules will help support as many as 8,000 short and long-term jobs a year, while large film and TV projects are reckoned to be worth $3 billion in foreign expenditure. The government has previously announced $250 million in support to help get Australia’s creative economy reactivated over the next 12 months.


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