Global visual effects giant DNEG, which recently opened a Sydney studio, has called on the NSW Government to reconsider proposed cuts to its screen funding programs, arguing it will have a "devastating" impact on the state's ability to attract production, stymie business and job growth, and ultimately result in talent leaving the state.
Producers have labelled the NSW Government's decision to proceed with $60 million worth of cuts to the state's screen funding programs, impacting the Made In NSW fund and the Post, Digital and Visual Effects Rebate, as "reckless" and "nothing short of a disaster".
The NSW Government has backtracked on its decision to cut $60 million from the state’s screen funding programs, announcing the Made In NSW fund and the Post, Digital and Visual Effects rebate will continue in their existing forms.
The NSW Government has vowed to give the state's screen agency greater independence and develop a business case for a second major film studio as part of its new ten-year cultural policy unveiled this week.