Screen Australia will commit $6 million over two years to support small to medium independent game studios with projects with budgets below $500,000.
The Federal Government will provide an additional $19.6 million over two years from 2023 to expand the Digital Games Tax Offset so that it covers ongoing development work—known as ‘live ops’—on digital games following their release.
Queensland has become the third state to widen its post, digital and visual effects (PDV) rebate to cover game development, with a 15 per cent incentive to apply from next year.
New South Wales has joined South Australia in widening its 10 per cent post, digital and visual effects (PDV) rebate to include game development.
The games industry is among the early winners of next week's Federal Budget, which will include a 30 per cent Digital Games Tax Offset.
The South Australian government has extended the state's 10 per cent post-production, digital and visual effects (PDV) rebate to cover to video game development, hoping to grow jobs and boost international investment in the sector.
Screenwest has launched a pilot $100,000 production and development fund for Western Australian interactive projects, designed to grow the state's work in areas such as virtual reality and games
The volume of TV drama and TV documentary production in Australia has slumped in the past four years due to fewer commissions from free-to-air broadcasters, according to a survey released today.