Australian Government Ends Federally Funded Game Developement

By Jared Scott on May 13, 2014, 4:11PM EDT

In 2012, the Australian government created a program called the Australian Interactive Games Fund whose purpose was to distribute $20m to local video game development studios. However, after releasing its 2014-2015 budget proposal, the bigwigs of Australia have decided to pull the plug.

$10 million has already been used towards supporting game developers, but the Government now intends to absorb the remaining $10m to assist with new budget and policy priorities. At this stage, no detail was offered in the 2014-2015 budget plan as to what this would be spent on.

The closing of the Australian Interactive Games Fund and transfer of $10m will not take effect until July 1st.

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