This morning, Screen Australia released its 2023/24 Drama Report showing a worrying decline, with 29% less investment in scripted film, TV and online content in Australia this year compared to last year.
The report shows a total of $1.7 billion was spent on drama production in Australia, with $929 million of that dedicated to Australian stories. The 29% total decline compared to last year is primarily due to a reduction in high-budget production activity across international TV and Australian feature films.