For the majority of the past five years, weak downstream demand from feature film producers, TV program producers and commercial producers has negatively affected the industry. This has resulted in reduced requirements for services such as visual effects, animation, subtitling and sound editing. The strong Australian dollar over the past five years has made it more difficult to attract foreign projects. Greater accessibility to technology has also decreased demand for sophisticated and expensive postproduction studios. The industry is forecast to generate revenue of just $352.1 million in 2014-15, following an annualised decline of 2.7% over the past five years.
Companies in this industry primarily provide postproduction services and other motion picture and video activities. This includes specialised motion picture or video postproduction services such as editing, film/tape transfers, titling, subtitling, credits, closed captioning and computer-produced graphics, animation and special effects. The industry also includes companies that develop and process motion picture film.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.