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.
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.
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 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.
Screen Australia CEO Graeme Mason took to the podium this morning to address the future of the Australian screen industry.
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.
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.