Film and TV production spending slumps as foreign productions dry up

October 30, 2018 4:17

The domestic film and TV production industry saw a 37% slump in spending over the last twelve months as foreign productions dried up, however the post-production, digital and visual effects sector were a bright spot in Screen Australia’s 2017-18 Drama Report.

Last year, the industry saw record spending of $1.3bn, largely driven by foreign TV and feature productions which accounted for $624m of the sector’s spend. This year, foreign production spend fell to $96m.

Mystery Road was one of the titles in production during the 2017/18 financial year. Credit: Screen Australia

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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