Boom and bust in Australian screen policy: 10BA, the Film Finance Corporation, and Hollywood's 'race to the bottom'. Burns, Alex and Eltham, Ben 2010, Boom and bust in Australian screen policy: 10BA, the Film Finance Corporation, and Hollywood's 'race to the bottom'., Media international Australia, incorporating culture & policy, no. 136, pp. 103-118. Attached Files Name Description MIMEType Size Downloads Title Boom and bust in Australian screen policy: 10BA, the Film Finance Corporation, and Hollywood's 'race to the bottom'. Author(s) Burns, Alex Eltham, Ben orcid.org/0000-0003-4639-460X Journal name Media international Australia, incorporating culture & policy Issue number 136 Start page 103 End page 118 Total pages 16 Publisher University of Queensland Place of publication Nathan, Qld Publication date 2010-08 ISSN 1329-878X 2200-467X Keyword(s) Motion picture industry Australian Bureau of Statistics Mass media and culture Motion picture industry--finance Motion picture industry--government policy Summary In recent years, a narrative has emerged in the Australian popular media about the box office 'unpopularity' of Australian feature films and the 'failure' of the domestic screen industry. This article explores the recent history of Australian screen policy with particular reference to the '10BA' tax incentive of the 1980s; the Film Finance Corporation of Australia (FFC), a government screen agency established in 1988 to bring investment bank-style portfolio management to Australia's screen industry; and local production incentive policies pursed by Australian state governments in a chase for Hollywood's runaway production. We argue the 10BA incentive catalysed an unsustainable bubble in Australian production, while its policy successor, the FFC, fundamentally failed in its stated mission of 'commercial' screen financing (over its 20-year lifespan, the FFC invested 1.345 billion Australian dollars for 274.2 million Australian dollars recouped - a cumulative return of negative 80 percent). For their part, private investors in Australian films discovered that the screen production process involved high levels of risk. Foreign-financed production also proved highly volatile, due to the vagaries of trade exposure, currency fluctuations and tax arbitrage. The result of these macro and micro-economic factors often structural and cross-border in nature was that Australia's screen industry failed to develop the local investment infrastructure required to finance a sustainable, non-subsidised local sector. Language eng Field of Research 160502 Arts and Cultural Policy 200212 Screen and Media Culture Socio Economic Objective 910205 Industry Policy HERDC Research category C1.1 Refereed article in a scholarly journal ERA Research output type C Journal article Persistent URL http://hdl.handle.net/10536/DRO/DU:30053358 Document type: Journal Article Collections: Faculty of Arts and Education Centre for Memory, Imagination and Invention Related Links Link Description Connect to published version (restricted access) Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Mon, 01 Jul 2013, 16:09:49 EST Tue, 02 Jul 2013, 08:26:53 EST Tue, 02 Jul 2013, 10:43:32 EST Tue, 02 Jul 2013, 10:48:28 EST Tue, 02 Jul 2013, 10:55:21 EST Tue, 02 Jul 2013, 10:56:20 EST Tue, 02 Jul 2013, 13:29:21 EST Tue, 02 Jul 2013, 13:59:05 EST Tue, 02 Jul 2013, 14:36:23 EST Wed, 03 Jul 2013, 09:27:33 EST Fri, 13 Jun 2014, 17:34:31 EST Wed, 24 Sep 2014, 12:02:53 EST Wed, 24 Sep 2014, 12:52:21 EST Thu, 11 Dec 2014, 18:45:10 EST Sat, 28 Oct 2017, 01:38:36 EST Mon, 22 Jan 2018, 13:48:35 EST Filtered Full Citation counts:   Cited 4 times in TR Web of Science Cited 3 times in Scopus Search Google Scholar Access Statistics: 435 Abstract Views, 4 File Downloads  -  Detailed Statistics Created: Mon, 01 Jul 2013, 16:09:33 EST by Ben Eltham

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