Central Coast Studios is in the unprecedented position to take advantage of an international demand for Australian film and television production facilities.
Presently Fox, Docklands and Village Roadshow Studios are booked well in advance and are operating at nearly full capacity. These facilities have generally targeted offshore production.
Fox Studios is currently booked for several years ahead with Disney taking a long-term option to locate their large budget Marvel productions in this facility.
This has forced productions, like Baz Lurhmann’s Elvis to move to Queensland. This provides an opportunity for Central Coast Studios to be the only available studio in NSW for the foreseeable future.
The Federal Government recently announced a boost for local production and an increase in offsets for television in addition to continued support for international productions, through the location and PDV offsets and a one-off fund to increase support for international productions, as part of their location grant scheme.
The recent Federal Government “green paper” has identified the new Streaming Services such as Netflix, STAN, Amazon Prime, Disney, etc as potential sources of production spending under new rules for the industry.
The COVID-19 pandemic has slowed productions in major studio destinations around the world, particularly in the US and UK. Recent announcements have seen production close down in these studios. Many productions have opted to come to Australia or New Zealand.
Research from the US has indicated that the average return to a region for film and television production is at least 2.8 times the expenditure. For a one-hour drama series with 12 shows, for example, the average US cost would be $26,800,000 with the economic output estimated at $75,040,000, delivering an ROI of 280%.
Central Coast Studios will have the following competitive advantages in realising this opportunity:
Central Coast Studios is seeking a key partner(s) who can educate and develop students for the future needs of the Studios. We require suitable education partner(s) who can train the next generation to exceed world-class standards in the following:
It is also imperative that we partner with a world class dramatic arts educator. It is essential that we produce high class:
These educators could initially rent space within the studios but will most likely find they will grow out of our space into their own buildings within the studio precinct.
Central Coast Studios is the ideal solution for Australia to take advantage of this opportunity for growth in the film and television industry with:
a dedicated team with an unmatched level of expertise in the design of studios and the needs of the film and television industry
a design that will compete with the best studios in the world
initiated discussions with domestic and international industry players from which CCS will ensure the initial take up to meet projected utilisation
a facility that will provide the industry with an unprecedented opportunity to gain access to world class studios
Central Coast Studios are resolute that by working with the local community, industry leaders we can create a significant amount of work for the Australian community.
We hope to work with the Central Coast Council, the Greater Sydney Commission, NSW Government Bodies including Screen NSW, Screen Australia, Screen Hunter, The Writers Guild the Federal Government and local businesses to make this a reality.
This opportunity will be generated by the Film, Television and Gaming industries bringing between 500 and 1000 jobs, mostly as contractors but this will flow on to thousands of tradespeople. The hospitality industry will also benefit from providing many jobs in tourism, lodging, food and beverages.
To be part of this exciting opportunity contact us for a Central Coast Studios Investment Information Pack
