Producers Jason Byrne, Clayton Jacobson and Tait Brady went to the Australian International Movie Convention last year to “sell” 'Sibling Rivalry', a black comedy co-starring Clayton and his brother Shane Jacobson, to cinema owners.
The last financial year saw the amount spent on drama production in Australia crack $1 billion for the first time, thanks in part to record levels of foreign project spend and bolstered local feature film production.
Screen Australia CEO Graeme Mason says it is incumbent to consider how the Producer Offset can be further evolved.
Are feature film producers who want to be better remunerated during the five years they typically spend developing each project prepared to see Screen Australia slash the number of projects it develops to fund higher fees?
Australian films and feature documentaries raked in theatrical revenues of $49.4 million in calendar 2017, a market share of 4.1 per cent.
Former Create NSW chief Michael Brealey has been named chief operating officer of Screen Australia, succeeding Fiona Cameron.
Screen Australia CEO Graeme Mason is set to continue leading the agency for a further five years.
The Australian filmed entertainment sector can expect virtually zero growth in the next five years, with incremental increases in box office takings, cinema advertising and transactional VOD offset by plummeting DVD and Blu-ray sales and rentals.