Screen Australia will be $38 million worse off over the next four years due to the federal Budget cuts.
Cuts to ABC programs and services appear inevitable after the government’s decision to slash the broadcaster’s funding by $84 million over three years.
The federal budget offers no extra support for the screen sector over the next three years apart from modest increases in funding for ABC news and for SBS programming.
A multi-year funding commitment for the Australian Children's Television Foundation (ACTF) headlined support for the screen industry in Tuesday's Federal Budget.
The ABC and SBS will lose a combined $43.5 million in funding over four years and the ABC's contract for the pan-Asian Australia Network is being terminated.
The Federal Government has confirmed that Australian shows commissioned by Netflix, Stan and other streaming services will immediately qualify for the Post, Digital and Visual Effects (PDV) and Location Offsets.
ABC and SBS have welcomed the Federal Government's announcement of five-year funding terms as part of this year's budget, with the former also set to benefit from an additional $83.7 million across four years.
The Federal Government is looking for ways to maintain the independence of ABC and SBS while protecting them from future funding cuts, announcing a review into how the national broadcasters can be better supported.