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

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.

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.

Record spending met a workforce that had spent eighteen months doing something else, and the gap showed.

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.

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.

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