Film Finance Corporation Australia
Encyclopedia
Film Finance Corporation Australia (FFC) was the Australian Government's principal agency for funding the production of film and television in Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

. Once a wholly owned government company, it was folded into a new agency, Screen Australia
Screen Australia
Screen Australia is the Federal Government’s key funding body for the Australian screen production industry. Its functions are to support and promote the development of a highly creative, innovative and commercially sustainable industry....

 in 2008.

Since its establishment the FFC has invested in 1,079 projects with a total production value of $2.58 billion.

Overview

The Australian government supports film and television production to ensure that Australians have the opportunity to make and watch their own screen stories. The FFC only funded projects with high levels of creative and technical contribution by Australians, or projects certified under Australia’s Official Co-Production Program.

To support diversity, the FFC funded the most expensive program formats: feature films, mini-series, telemovies and documentaries. Cheaper formats such as current affairs, serial drama and ‘infotainment’ are fully financed by the market, whereas the more expensive formats would in many cases not be made without government assistance.

In May 2007, the Australian Government announced the creation of a new agency, Screen Australia
Screen Australia
Screen Australia is the Federal Government’s key funding body for the Australian screen production industry. Its functions are to support and promote the development of a highly creative, innovative and commercially sustainable industry....

, which will merge the Australian Film Commission
Australian Film Commission
The Australian Film Commission was an Australian government agency with a mandate to promote the creation and distribution of films in Australia as well as to preserve the country's film history. It also had a production arm responsible for production and commissioning of films for government...

, Film Australia
Film Australia
Film Australia was a company established by the Government of Australia to produce films about Australia. Its mission was to create an audio-visual record of Australian culture, through the commissioning, distribution and management of programs that deal with matters of national interest or...

 and the FFC. Screen Australia started operating in July 2008, effectively replacing Film Finance Corporation Australia.
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