Screen Producers Australia (SPA) is urging the federal government to act swiftly in support of Australian screen stories following renewed proposals from President Trump to impose a 100% tariff on films produced outside the United States.
SPA says the latest announcement raises more questions than answers for the global screen industry and demonstrates our industry’s ongoing exposure to global forces in the absence of yet to be enacted streaming investment frameworks.
“Fundamental issues remain unresolved as to what in practice this means and how this can be applied”. said Matthew Deaner, CEO of Screen Producers Australia.
Australia’s screen industry is connected to U.S. productions through location work, investment and collaboration. While these partnerships bring significant opportunities, they also expose the industry to volatility.
“While Australia isn’t as exposed as some other countries, it’s vital we diversify our industry through a broader range of international partnerships and expanded co-production arrangements,” Mr Deaner said.
Canada has moved to soften that volatility through its Online Streaming Act, which compels global platforms to invest in Canadian content. This follows similar moves across Europe to regulate streaming platforms which has delivered significant benefits to local industry and audience. Australia urgently needs similar safeguards as committed to but not yet enacted by the Albanese Government.
“Local content rules for streaming platforms, strengthened funding for the ABC, SBS, and Screen Australia, and reforms to our tax offset system are essential to ensure Australian stories continue to thrive, regardless of international trade turbulence.”