In 1980s, the government of Australia realized the commercial potential of the industry and it set up a tax incentive system in order to encourage local film production. This saw a boom in the film industry where so many films were produced in that decade. However, it also resulted in the production of poor films because people who had little knowledge in film production ventured in the field purely for financial gains. However, in 1990s, more emphasis was placed on quality and this led to production of quality films.
The establishment of the film school also resulted to talented film producers and directors such as Jane Campion, Geoffrey Wright, P.J. Hogan among others. These graduates from the film school produced films that were well received both locally and internationally. Economic Viability of the Australian Film Industry There are a number of arguments that support the economic viability of the film industry in Australia. The film industry has been one of the economic backbones of the country. The country has been earning the country a lot of revenue through production of films.
The film products sold locally has been a source of revenue for the country. The film industry is one of the major economic sectors that are found in the country (Sarwal & Sarwal 2009, 56). The film industry has also been providing the country with one of the most successful exports. The industry has been producing high valued products that have been exported to over 50 countries worldwide. This has ensured a regular flow of foreign income. Another economic value of the film industry is tourism.
The film industry has helped in the promotion of tourism. The value of the film industry to tourism can only be measured in billions (Given 2003, 193). Films created about the tourist sites and wildlife has helped promote tourism to other countries, which in turn has raked in billions of dollars. Apart from promoting tourism, wildlife films have been known to sell highly in other nations thereby being a source of income to the country. Cultural Value of the Australian Film Industry Apart from the economic viability of the film industry in Australia, the industry has also cultural value in the Australian society.
One of the cultural values of the industry to the society is the preservation of the rich Australian culture. Since the 1970s under the leadership of Gorton, the film industry has been used to record the cultures and traditions found in the expansive Australian society. For instance, the aboriginal culture, which has had little record, has extensively been recorded on film (Donovan & Lorraine 2002, 123). This beautiful culture was almost lost due to lack of any books or any record that has been kept about it.
The cultural policy on film in Australia puts emphasis on the production of culturally rich films, which can serve as a means of promoting the culture, make people rediscover their identity and preserve the rich culture. Another cultural value of the Australian film industry is the promotion of the Australian culture and identity internationally. Through production of culturally rich films that are sold internationally, the country has been able to display its identity worldwide. This has paved way for exporters because it has created an impression of Australia to the world.
Education has also been of the cultural values of the Australian film industries (Hoo, Smaill & Yue 2013). The industry has been used to impart some cultural knowledge to the schoolchildren in the country. Most of the programs that shown on television are heavily laced with cultural content, with some of these programs used in schools and at homes to educate children on their cultures and traditions, which in turn helps them to gain a cultural identity. From the arguments presented above, it can be deduced that the Australian film industry has both the economic and cultural value to the Australian society.
However, globalization of the film industry has put pressure on the cultural policy in Australia, which puts emphasis cultural content and quality rather than commercialism and entertainment.
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