Screen Australia is striving to ensure there are no cuts in funding for features, TV drama and children’s programming in the financial year starting July 1 while it’s forced to reduce the year’s operating budget by $5.2 million.
Screen Australia will be $38 million worse off over the next four years due to the federal Budget cuts.
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.
The MEAA is awaiting a response from ABC managing director Mark Scott to its call for the broadcaster to minimise job losses resulting from the $120 million cut in funding over the next 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.
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 National Film and Sound Archive (NFSA) will receive a $2 million boost in today's Federal Budget as part of a funding package for national collecting institutions.