True in Australia, but this does not apply universally. Asserting that an 18% decrease in investment is the single trigger for streaming quotas in Australia oversimplifies a much more nuanced reality.
In this specific context, the fragility of the local production fabric may have precipitated a rapid government intervention, but each jurisdiction operates under a different regime.
In France, for example, a robust funding system and pre-existing regulations for public and private audiovisual would probably absorb a similar shock, not requiring immediate new legislation.
The relationship between an economic downturn and the implementation of new regulations is highly conditional and depends on the institutional protections already in place.
The link between this event and the political response is therefore not a fatality, but a contextual specificity.