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.
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Jeff Watkins
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Of course it's hard to
Wed, 16 May 2007, 04:18 pmOf course it's hard to do... this comes back to the funding. There is less Aussie film/TV being made. There has also been a decline in quality. You can't blame the filmmakers for producing less; most people want to produce more (and with better quality), but can't afford to. This is why there is an influx of short films, films produced on mobile phones, etc.
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