Federal Budget Bad for Film Business
Fri, 11 May 2007, 01:17 pmLabrug27 posts in thread
Federal Budget Bad for Film Business
Fri, 11 May 2007, 01:17 pmThe most recent federal budget announced that $300 million would be set aside for Film and Television Production, including rebate incentives of 40% for Australian Films and 20% for TV.
This is offset by the plan to abolish what is known as the 10AB Incentive. This allows for producers to write off 100 per cent of their costs as a tax deduction and has stimulated the film industry in recent years. There are concerns that the removal of this incentive will see a drop in film production.
Read the Official Alliance Press Release here. Uncertain Future for Aussie Arts.
Absit invidia
Jeff Watkins
Perth based Actor/Performer
Fight/Sword Choreographer
Virgin Director
The same thing happened in
Mon, 14 May 2007, 01:25 pmWalter Plinge
The same thing happened in the UK recently. While it may be harder to get independent funding:
1) the amount of government funding has gone up
2) there are low-budget feature film initiatives
3) it may actually mean a coherent script makes it to film (you know, one that also makes money)
Ask anyone in the street to name 10 australian films.
Or even name five successful australian films.
Three?
Okay yes there were a few in the last year that made tiny amounts of money. Okay three financially successful australian films in the past 10 years.
Hmm.
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