Queensland’s screen entertainment post-production industry continues to grow with six new projects approved since July under an industry incentive scheme.
Coming off a 40 percent growth in approvals in 2023-24, Screen Queensland has approved funding through the Post, Digital and Visual Effects (PDV) Incentive for six films and series across seven local businesses, in the first quarter of the 2024–25 financial year.
Screen Queensland CEO Jacqui Feeney said the projects would generate an estimated $7.8 million for the state’s economy and supported approximately 146 high-tech employment opportunities.
Ms Feeney said enhancing the PDV Incentive in 2021 to 15 percent and revising the threshold to a minimum of $250,000 had equipped Queensland-based businesses in the lucrative post-production sector with a commercially competitive edge.
“Queensland has a remarkable talent pool for intricate, highly technical post-production work, particularly across sound, picture, music and visual FX,” she said.
“We also have incredible, award-winning animation companies that are supported through the incentive, including Like A Photon Creative, Ludo Studio, and Fade In Media who recently returned to the Sunshine State from the US.”
Ms Feeney said the PDV Incentive had enabled local businesses to secure work on significant projects filmed here including Nautilus and Mortal Kombat 2, as well as interstate and overseas projects like Last King of the Cross and Yu Yu Hakusho.
“Investing in a thriving post-production industry ensures that our homegrown films and series can access internationally renowned services right here on their doorstep and that there are opportunities for collaboration and innovation across the state’s screen sector.”
She said the latest approvals followed a strong period of growth for Queensland post-production in 2023–24, with an increase of 40 percent in the number of projects supported by the PDV Incentive, while local expenditure more than doubled.
“Since the PDV Incentive was expanded in 2021, post-production expenditure from local, interstate and international producers has grown from $38.5 million to more than $69 million, an increase of almost 80 percent, with more projects going to an increasingly larger cohort of providers.”
Learn more about the Post, Digital and Visual Effects Incentive.
