Australia’s New South Wales Reverses Plans to Slash State Production, PDV Subsidies
variety.comPatrick Frater Asia Bureau Chief The state government of Australia’s New South Wales has reversed some of its recently announced plans to cut subsidy to the film and TV industries.
NSW Minister for the Arts, John Graham said on Tuesday that three important screen industry programs – the post digital and visual effects (PDV), the digital games development rebate program and the ‘Made in NSW Fund’ – will continue on existing terms for eligible projects.
His statement followed some two weeks of lobbying by screen industry workers, guilds and companies which argued that the government’s proposed budget cuts would damage a large and growing industry.
New South Wales, which includes Sydney, is the biggest hub for the film, TV and post-production sectors in Australia. The funding cuts, worth about A$60 million ($40 million), were made by the previous government prior to the state election in March, and that they were included in this month’s budget.
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