this is from my last essay, hope this help asy
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In the 1980’s, the government increased the level of support to the film and television industry by introducing the initiative known as 10BA which increasing tax subsidies for investors willing to back film production activities under the Taxation Act that outlined the extent at the investment benefits. More than 900 featured films and emerged of high budget mini – series with quality local productions were made in the period of 1980 to 1988. During this period, numerous of high quality Australian television entertainment product were produced included “Return to Eden” (1982), “Vietnam” (1987) or “Bodyline” (1984). However, many were made never intended to be seen by public audience and were produced for taxational advantages. Recognizing the complexity in regulating the productivity of films financed under the 10BA tax concessions, the government established Film Finance Corporation (FFC) which would invest in film with guaranteed distribution and then recover profits for later expenditure to new projects (Cunningham & Turner).
Tom O’Regan described the Hawke Labor government reform of the broadcasting legislation in 1985 – 1986 to restrict individual television licensers to two stations nationally and strengthening cross-media ownership laws in a single area marked the termination of “entrepreneurial television” era. Inexperience entrepreneurial capitalist such as Alen Bond and Christopher Skate managing the discursive television empires, in addition with the 1897 stock market crash consequences in Seven and Ten Network in receivership by the end of the century. Managing to recover from the “entrepreneurial television” catastrophe, broadcasting networks was pressured to develop programs to meet the Australian Content Standard of minimum 35% of television production are produced in Australia, stimulate localism (Stone). Networks developed lower cost drama production with the creation of one of Australia longer running series and most successful export, Neighbour, the soap opera with low production cost at only $54 thousands per episode (Kingsley).
In the 1990’s, the United State recognized the media as and engine for economic growth (Maher) and economist view this as the merging of culture due to globalization via “ a tide wave of American entertainments” ( Syam) including movie, music and particularly television. The original 1942 Broadcasting Act was altered to form the Broadcasting Service Act 1992. Provide the ground rules for broadcasting, deregulation of programs standard, ownership and control of services; and planning and licensing of servicing (Albon)