Film producers claim $1bn lost due to delayed Netflix, Amazon quotas
The lobby group for film producers claims delays to Labor's quotas on streaming platforms have cost the sector $1 billion and thousands of jobs.
Australian film and television producers claim the domestic industry has missed out on productions worth $1 billion, and thousands of jobs have been lost, as a result of delays to local content quotas on streaming services such as Netflix and Amazon.
The $1 billion figure is one of the findings of a member survey conducted by Screen Producers Australia, which was shared with Capital Brief. The industry body is leading efforts to convince the government to impose quota that would require streaming platforms to make make minimum investments in Australian content.
A survey of the organisation’s more than 800 members, who the group says drives more than $1.2 billion in annual Australian production activity, found that delays to Labor’s planned streaming quotas have resulted in a pullback from commissioning.
The survey results found that some 170 commissions have either stalled, been “missed” or have “collapsed” as a result of policy uncertainty since June last year. Labor had originally planned for the new rules to take effect on 1 July 2024.
