The ABC has rejected criticism of its co-funding arrangements with Netflix for a second season of Glitch.
Seven, Nine and Foxtel CEOs have deemed the co-production arrangements as a global giant being subsidised by public funds.
“It’s just another example of how the current system favours multinational media companies,” Nine CEO Hugh Marks said.
“Our industry is one currently pressured by unreasonable and uncompetitive taxes favouring offshore players who don’t contribute anything substantial to our national narrative and creative community.”
An ABC spokesman said the deal delivered a “better outcome” for Australian audiences and drove the public dollar further.
“As a result of Netflix’s involvement, there is more money being invested in Glitch to fully realise the creative aspiration of series 2,” said the spokesman.
While Glitch represents its first production spend, Netflix is yet to fully-fund an Australian series.
The series will premiere in Australian on ABC.
Source: The Australian