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Recoupment record of the Film Finance Corporation

The Australian government's Film Finance Corporation (FFC) will close in 2008. In its 20 year history it part-financed a total of 1007 projects with a total production value of A$2.38 billion, ie the FFC funded part of that sum. Successive governments transferred treasury sums to support the FFC and its investments, ranging from A$200 million for the first three years, scaling down to $A55 million per year under the Howard government and rising in the last few years to A$70 million. It has invested in more than 1,000 projects but has only fully recouped its investment in 10 of them. ... Total recoupment is A$259 million. Returns peaked in 1994-95 with A$25.6 million (largely due to Muriel and Priscilla) and reached a low last financial year [2006-07] with A$9.3 million (returns in 1989-90 were lower but the FFC was still in its infancy. Michaela Boland, Fade out... Film body swalled by super agency in The Australian Financial Review, 17 April 2008, p. 29.

Full post as published by Lightbulb IP blog on April 16, 2008 (boomark / email).