Screen Australia CEO Graeme Mason recognises the structural challenges facing independent films but does not subscribe to the view that this is a down year for Australian cinema.
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.
Screen Australia CEO Graeme Mason is set to continue leading the agency for a further five years.
Former Create NSW chief Michael Brealey has been named chief operating officer of Screen Australia, succeeding Fiona Cameron.
Australian films and feature documentaries raked in theatrical revenues of $49.4 million in calendar 2017, a market share of 4.1 per cent.
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?
Screen Australia CEO Graeme Mason says it is incumbent to consider how the Producer Offset can be further evolved.
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.