Reported 4 months ago
According to Screen Producers Australia, TV content commissioning by streaming companies in Australia has drastically decreased, with an SPA survey revealing that 80% of members are facing reduced interest from streamers. This slowdown impacts various stages of production and has consequences on funding and mental health in the industry. Despite Australia's strong production resources and incentive schemes, the decline in commissioning is attributed to factors like lack of funding, corporate strategy shifts, and a global slowdown. As the government considers implementing quotas to support the local production sector, the delay in legislation enactment by the set target of July 1, 2024, leaves industry insiders and audiences eager for Australian stories via online streaming services.
Source: YAHOO