The Australian Financial Review today (Thursday) quoted
Screen Australia chief
Ruth Harley (pictured) signalling that the agency will fund fewer films, but at higher budgets - $15 million and above.
There will be a squeeze on films budgeted at $15 million and below - no surprise given the general collapse of the market for lower budget Australian films documented on this blog and elsewhere.
However the producer's tax offset will remain an option for films budgeted above $1 million (that figure being the seemingly arbitrary cut-off point) - so I wouldn't write off the chances of, say, the next
Samson & Delilah appearing just yet.
This extract is not from the AFR article (which I can't find - it seems to be behind the newspaper's pay wall) but from
a report on it from
Ron Brown of
Independent Content Creators Association Australia, who's quoted in the piece.
"Screen Australia's production funds have been cut by government to counter the increase in indirect funding through the offset, the result being it will fund nine films this year, down from more than 20 a few years ago.
"Harley says with it's limited funds , the organisation will focus more on films with mainstream appeal and that can be released on more than 100 screens, all with a view to raising the success of Australian films at the box office. She agrees there will be a downside to this.
"I suspect little credit card films will carry on as before, big films like
Guardians (
of Ga'hoole) and
Happy Feet 2 will carry on as before, but there will be a squeeze on those in the $4 million to $15 million bracket, " she says.
(Image: Victoria Birkinshaw, victoriabirkinshaw.com)