You will be redirected back to your article in seconds

Earnings hit new low at Oz film funder

Film Finance Corp. down $6.8 mil

Australia’s government-backed film funder the Film Finance Corp. invested a record A$88 million ($64.5 million) in 67 new films, telepics, kids’ series and documentaries with total slates worth $169 million in the financial year ended June 30.

But it notched up its worst annual earnings in its 17-year history — down to $6.8 million.

FFC earnings peaked in 1998 at $18 million and have since bounced between $11.5 million and $8.6 million until this year.

The accounts detailed in the FFC’s annual report, published this week, show precisely how poorly the Aussie industry has been doing in recent times.

They do not include receipts from the strong B.O. enjoyed by “Little Fish,” “Look Both Ways” and “The Oyster Farmer.” However, they do include coin from “Wolf Creek,” for which the Weinstein Co. acquired rights to North America and selected territories for $3.5 million.

Foreign sales accounted for 66% of the FCC’s incoming coin last year, with the remainder from local revenue.

More Film

  • British Actor and Model Alex Pettyfer

    Alex Pettyfer Opens Up About Celebrity and Directing His Sexy Drama 'Back Roads'

    Australia’s government-backed film funder the Film Finance Corp. invested a record A$88 million ($64.5 million) in 67 new films, telepics, kids’ series and documentaries with total slates worth $169 million in the financial year ended June 30. But it notched up its worst annual earnings in its 17-year history — down to $6.8 million. FFC […]

  • Zoe Ewan McGregor

    Tribeca Film Review: 'Zoe'

    Australia’s government-backed film funder the Film Finance Corp. invested a record A$88 million ($64.5 million) in 67 new films, telepics, kids’ series and documentaries with total slates worth $169 million in the financial year ended June 30. But it notched up its worst annual earnings in its 17-year history — down to $6.8 million. FFC […]

  • James Cameron Pandora World of Avatar

    James Cameron Talks Plans for Five 'Avatar' Films & More 'Terminator'

    Australia’s government-backed film funder the Film Finance Corp. invested a record A$88 million ($64.5 million) in 67 new films, telepics, kids’ series and documentaries with total slates worth $169 million in the financial year ended June 30. But it notched up its worst annual earnings in its 17-year history — down to $6.8 million. FFC […]

  • Rampage

    Dwayne Johnson's 'Rampage' Continues to Roar Overseas

    Australia’s government-backed film funder the Film Finance Corp. invested a record A$88 million ($64.5 million) in 67 new films, telepics, kids’ series and documentaries with total slates worth $169 million in the financial year ended June 30. But it notched up its worst annual earnings in its 17-year history — down to $6.8 million. FFC […]

  • No Merchandising. Editorial Use Only. No

    Box Office: 'A Quiet Place' Back on Top, 'Super Troopers 2' Smokes Projections

    Australia’s government-backed film funder the Film Finance Corp. invested a record A$88 million ($64.5 million) in 67 new films, telepics, kids’ series and documentaries with total slates worth $169 million in the financial year ended June 30. But it notched up its worst annual earnings in its 17-year history — down to $6.8 million. FFC […]

  • 'The Night Eats the World' Review

    Tribeca Film Review: 'The Night Eats the World'

    Australia’s government-backed film funder the Film Finance Corp. invested a record A$88 million ($64.5 million) in 67 new films, telepics, kids’ series and documentaries with total slates worth $169 million in the financial year ended June 30. But it notched up its worst annual earnings in its 17-year history — down to $6.8 million. FFC […]

  • Bradley Cooper Robert De Niro

    Bradley Cooper on His Secret Pact With Lady Gaga for 'A Star is Born'

    Australia’s government-backed film funder the Film Finance Corp. invested a record A$88 million ($64.5 million) in 67 new films, telepics, kids’ series and documentaries with total slates worth $169 million in the financial year ended June 30. But it notched up its worst annual earnings in its 17-year history — down to $6.8 million. FFC […]

More From Our Brands

Access exclusive content