Australian drama program spending slightly down this year

Thursday, 14 December 2023 11:13

Subscription TV licensees and channel providers on Australian drama programs in the financial year 2022-23 spent $18.42 million, according to figures from the Australian Communications and Media Authority, which is a slight decrease compared to last year’s (2021-22) spending amounting to $18.72 million.

The spending on eligible shows included:
Dramas – High Country, Love Me (Series 2) and Strife
Feature films – Elvis and Wyrmwood: Apocalypse
Children’s drama – Bluey (Series 3)

The subscription television’s new eligible drama expenditure (NEDE) compliance results also showed subscription TV licensees Foxtel, Telstra, and French TV and channel providers BBC Studios Australia, Foxtel Management, NBC Universal International Networks Australia, and VIMN Australia met the minimum requirements of the scheme.

Under the NEDE rules, subscription TV licensees that broadcast drama channels are required to invest 10% of their total expenditure in new Australian drama programs.

This requirement also applies to channel providers, which provide drama channels to subscription TV licensees in Australia.

The rules provide for the expenditure obligation to be spent in one year and accounted in either the same financial year or the following year.

This means that any shortfalls and surpluses from the previous year can be carried in the following financial year.

In each financial year, licensees and channel providers must provide their transactions their previous financial year’s shortfall for each drama channel, in order to be compliant with the rules.

For the 2022–23 financial year, subscription TV licensees and channel providers reported amounts totaling $17 million in shortfalls to be made up in 2023–24.

This first appeared in the subscription newsletter CommsWire on 12 December 2023.

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Australian drama program spending slightly down this year