Funding, policy, strikes, box office, streamer deals
Odette covers the business of Australian screen. Previously a financial journalist. Reads every Screen Australia annual report the week it drops. Short paragraphs, long memory, never misses a figure.
WRITING HERE SINCE FEBRUARY 2020
The first quarter of 2026 saw $310 million in total production activity, down from $378 million in Q1 2025, and the independent sector took the largest hit.

The development fund is the widest part of the funnel and the least visible, and the conversion rate tells the real story.
The streamers were required to spend locally and most of them did, but the definition of 'local' is doing more work than the regulators intended.

Remove the outlier and the international number drops to $48 million, which is closer to the structural truth.
Total commissions are down 22 per cent on the 2023 peak, and the local content quota has not yet made up the difference.

The top and bottom of the pipeline are functioning; the mid-budget features that sustain careers are still missing.

Ticket sales are up 5 per cent on 2023, but sponsorship is flat and the programming budget came in under inflation.

The Australian selection at Cannes was smaller than 2023 but the films were harder sells, and that is not a criticism.
Three states, three models, three different answers to the same question: what is screen funding for?

Three Australian features made the international circuit in 2024, and the funding trail behind each tells a different story.

The campaign budget for a $7 million claymation feature exceeded the production budget, and Screen Australia helped foot the bill.

Memoir of a Snail led with nine nominations, which was expected; the surprise was where the television categories landed.

Two of the five major streamers have quietly reduced their Australian commissioning, and the local production sector has not yet said the word 'contraction' out loud.

The spend is up, the commissions are down, and the difference is explained by one word: scale.

The State Theatre was full on night one; by day five the programme was competing with itself and the weather.

The domestic opening was soft against the budget but strong against every other Australian film this decade, and both facts are true.

The biggest production ever to shoot in Australia created 1,200 local jobs and took the finished film to Universal's lot in LA.

The MEAA survey found that one in five below-the-line crew left the industry between 2022 and 2024, and the productions still filming have not yet felt the gap.

Nine says Stan is growing, and it is, but the margins tell a more cautious tale.

Total box office recovered to $1.1 billion, but the Australian share fell to 3.8 per cent, the lowest in a decade.

Nine cut Stan's original commissions from twelve to eight in 2023, and the company has not explained the rationale publicly.

Total production activity hit $2.1 billion and the domestic share shrank to 28 per cent, which is the number nobody put in the headline.

Thirty-eight productions were in active photography in August, the highest since COVID, and by October the number will drop to twenty-two.

The audience came back, the sponsorship did not, and the festival is running on volunteer labour and Creative Victoria grants.

Warwick Thornton, the Philippou brothers, and Kitty Green all landed at the Croisette, and the three films could not have been more different.
The state fund backed 34 projects in the last cycle, but the distribution reveals a preference for television and international co-productions over standalone features.

The audience came back, but not all of it, and the missing 22 per cent is not coming.

Elvis led with twelve nominations, The Stranger picked up eight, and the pattern of big-budget domination continued unchallenged.

The spend is real, the jobs are real, but the IP question remains unanswered.

The Toronto market moved quickly for Of an Age and The Stranger, slower for Seriously Red, and not at all for the fourth.

The gala screenings were full, the mid-afternoon documentary sessions were not, and the gap tells you where the audience is willing to spend.

The government wants streamers to spend locally, the streamers want flexibility, and the independent sector wants both to stop pretending this is about them.

Nitram won seven AACTAs and The Dry won Best Film, and the combined domestic box office of the two was still less than one weekend of a Marvel sequel.

Women directed 37 per cent of funded features in 2021, up from 16 per cent a decade ago, but the budgets they received tell a different story.
The number is the largest on record, but the distribution tells a different story.

The new minimum rates are a 12 per cent rise over the expired agreement, and the debate is whether the industry can absorb them or pass them on.

Record spending met a workforce that had spent eighteen months doing something else, and the gap showed.
The federal government tripled the Location Incentive to $540 million, and the productions lining up are not Australian stories.

Cinemas reopened, audiences returned at two-thirds capacity, and the question shifted from whether they would come back to how many would stay.

In-cinema sessions sold at 84 per cent capacity; online sessions averaged 23 per cent of available streams; and the numbers ended the debate.

International productions are back at full capacity; local features are still waiting for insurance, cast availability, and the confidence to spend.

The headline was $50 million for production restart; the detail was a temporary insurance guarantee and a pipeline that favours projects already in development.

The $20 million top-up kept twelve productions from collapsing and left thirty-eight others waiting for money that was already spent.

The subsidy ran out in March, and the freelance crew base that built Australian film is thinner than it was twelve months ago.

The Coburg Drive-In sold out every session in October, and by December the queues were back to normal, which is to say: short.

Insurers excluded COVID from coverage, productions could not restart without it, and the government took four months to fill the gap.

Productions are restarting under strict health protocols, but the cost of compliance is falling on budgets that were already tight.

The subsidy is keeping crews on payroll, but the productions that would employ them are frozen, and the gap between the two is widening.

Event, Hoyts, and Village lost a combined $340 million in Q1 2020, and the independent cinemas behind them lost something harder to measure.

On 23 March 2020, every cinema screen in the country went dark, and the production pipeline behind them froze with it.

Australian films took 4.6 per cent of the domestic box office in 2019, and the number tells you less than you think.

The pipeline was full, the crews were booked, the Location Incentive was drawing Hollywood, and nobody knew what March would bring.