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 signalled it will make cuts to screen funding in next week's state budget, including the Made in NSW fund, the Post, Digital and Visual Effects rebate and the Digital Games Development Rebate Program.
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.