Pay TV slashes Australian drama investment
The Twelve. Quality Australian drama
Investment in new Australian drama from subscription TV licensees and channel providers fell to just under $19m in the 2024-25 financial year, from over $32.5m the year prior.
The sobering statistics come from new data from the Australian Communications and Media Authority (ACMA) and come after new legislation forcing streaming services to allocate a portion of local revenue (or total local expenditure) to creating first-run Australian content.
Under the New Eligible Drama Expenditure (NEDE) compliance rules, owners of subscription TV licences and TV drama channels are required to invest a minimum of 10% of total expenditure in new Australian drama.
