Australian films accounted for just 1.3% of the country’s gross movie revenues last year, even as the total Australian box office take rose 5%, sparking fears that the local film industry is in serious danger of collapse. “The highest-grossing Australian film was the Paul Hogan-Michael Caton comedy Strange Bedfellows which took $4.8million and the critically acclaimed drama Somersault with $2million. In comparison, Shrek 2 took $50million. American films were even more dominant than in the previous year, taking $780million or more than 85 per cent of box office.”