The Federal Government has announced $8.7 million in funding for 158 independent cinemas under the Supporting Cinemas’ Retention Endurance and Enhancement of Neighbourhoods (SCREEN) Fund, but remains coy on whether assistance will be provided to major exhibitors.
Just over a week ago 'F9' revved into cinemas, posting the highest opening weekend since the pandemic began. Many exhibitors were then excited about the further promise of school holidays and two other upcoming major releases in 'The Hitman's Wife's Bodyguard' and 'In The Heights'.
But what a difference a week can make, with new outbreaks of the virus impacting cinemas across the country and disrupting the market.
The Federal Government has released the guidelines for the Supporting Cinemas’ Retention Endurance and Enhancement of Neighbourhoods (SCREEN) Fund as it opens for applications.
Independent cinema operators under financial hardship as a result of the pandemic will be able to apply for one-off grants of up to $85,000 after the Federal Government announced $20 million for the sector.
Thanks to Australia’s careful management of the pandemic, the industry is in the midst of a production boom. The government hopes to support the sector to leverage both this “once-in-a-century” opportunity and the global demand for content in the years ahead, writes Minister for Communications, Urban Infrastructure, Cities and the Arts Paul Fletcher.
Despite the pandemic, there was still almost $1 billion spent on drama production in Australia in the last financial year, indicating the sector had been on track for a potentially record-breaking year before it was interrupted.
Australia's independent exhibitors warn that more than 50 per cent face being forced to shut down permanently in the next six months unless they get urgent relief from the Federal Government.
Screen Australia has approved applications from the producers of 11 projects - a mix of feature films and TV dramas - for the $50 million Temporary Interruption Fund (TIF).