Children’s Television, regional news, news media and the bargaining code with digital players were winners from last night’s Federal Budget 2021.
The Morrison Government pledged commitments for the media sector and acknowledged challenges the pandemic has created for the arts sector.
Amongst the measures announced last night were:
$15 million to the AAP Newswire in support of public interest journalism in regional Australia;
$4.2 million to implement the News Media and Digital Platforms Mandatory Bargaining Code;
$85.4 million for eight national collecting institutions; and
$11.9 million over four years to boost quality children’s television content. This represents the ACTF’s operational funding being locked in for 4 years. ACTF currently receives $2.9 million annually from the Commonwealth Government, on a year by year basis.
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Australia’s communications, media and arts sectors helping secure our recovery
The Morrison-McCormack Government is securing Australia’s recovery through significant commitments to strengthen our communications, media and creative arts sectors, helping to rebuild our economy, secure jobs and support communities as we continue our resurgence from the COVID-19 pandemic.
Digital service delivery has become more important than ever, with many sectors rapidly digitising over the past year to meet the demands of home-based work. This is why the Government’s Digital Economy Strategy plays a central role in the 2021-22 Budget, as we establish an enduring program to connect Australians and keep them safe online.
Children s TV boost in Budget 2021 tvtonight.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tvtonight.com.au Daily Mail and Mail on Sunday newspapers.
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With more than 50% of the U.S. adult population at least half vaccinated and studios plotting start dates, visions of a return to normalcy abound. So what’s the prognosis for independent film, when insurers and bank lenders remain on the sidelines even as production perks up?
Mark Gill, CEO of Solstice Studios, said things are looking up and he’s hoping to stick to a September shooting date for
Hypnotic, the Robert Rodriquez thriller with Ben Affleck. But right now, “You have trouble financing any size of movie except the small ones.”
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Supporting Australian screen production
In a major boost to Australia’s film and television industry, the Morrison Government will extend two measures that will support the continued production of quality, local screen content as the sector recovers from the COVID-19 pandemic.
The highly effective $50 million Temporary Interruption Fund (TIF) will be extended for a further six months, to provide coverage for productions that commence principal photography prior to 31 December 2021.
The Morrison Government will also retain at 40 per cent the Producer Offset rate for feature films with a theatrical release. In addition, as announced last year, the Government will raise the Producer Offset rate from 20 to 30 per cent for other eligible formats such as drama and documentary content for television and streaming platforms.