Australian film and TV industry economic contribution declines despite growth in online
The contribution the Australian film and television industry makes to the economy declined by $800m between 2009 and 2013 according to a new report.
The report, prepared by Deloitte Access Economics, shows the economic contribution has reduced from $6.6bn in financial year 2009-10 to $5.8bn in 2012-13, a decline of 12 per cent, with employment also 4.2 per cent lower at 46,632 full-time equivalent positions (FTE) over the same period.
It claims the free-to-air TV sector makes the largest contribution to GDP, responsible for approximately $1.5b in value added which is consistent with the 2009-10 report, while the production sector was the greatest contributor to employment with 13,000 FTE employees. It also accounts for $996m of the total economic contribution of the industry.
