Major and independent film distributors and exhibitors are urging the federal government to adopt a new PG13 classification which they say would benefit family friendly Australian and international films that get M ratings.
Australians spent a record $1.2 billion consuming content on digital entertainment platforms in 2017.
Not only is Netflix creaming Stan and Presto, the US streaming giant's Australian service is causing a decline in the legitimate downloads of movies and TV shows.
Streaming services and pay TV platforms are set to grow exponentially in the next few years while free-to-air broadcasters continue to lose viewers, albeit at a modest rate.
Film and TV production in Australia has been growing but the entire sector's economic contribution has shrunk and employment has fallen, according to a new study.
The Australian home entertainment market was worth $1.115 billion last year, down about 8% from $1.202 billion in 2013 according to stats released today.
The Video-on-Demand market in Australia is growing steadily but apart from the US majors and the larger independents, almost no one is making serious money from that sector.
Australian home entertainment distributors have rejected a new report which forecasts the demise of online purchases of DVDs and Blu-rays as well as CDs.