From the Encore Magazine website
Australia saw a 33 per cent drop in drama production expenditure in 2010-11 from the previous financial year.
A report by Screen Australia that makes the announcement, and looks at both film and TV.
Australian feature production sat at 18 per cent ($89m) with 17 features made in 2010-11. This was a drop from around $300m the previous year.
However, with Baz Luhrmann’s The Great Gatsby and Alex Proya’s Paradise Lost starting production in the second half of 2011, the current financial year is already looking more promising.
Screen Australia estimates around $350m for 2011-12, with the agency contributing around $100m of that for films Drift, Mental, The Sapphires and the Kath & Kim Filum.
With a total drama slate of $495m, the agency placed foreign activity at 17 per cent ($85m). This was down from $180m last year when two high-budget films were made here, Don’t Be Afraid of the Dark and The Chronicles of Narnia: The Voyage of the Dawn Treader.
In better news, TV drama made up 65 per cent ($322m), a 12 per cent increase from last year. 2010-11 also had the highest level of expenditure for adult programming in over a decade. Expenditure also rose for children’s drama however it has not completely returned to the strong results of 2007-2009.
Overall, 82 per cent of Australian films and 85 per cent of TV drama accessed the producer offset.
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