<jats:p> A survey of television and film producers in Australia was undertaken to examine the ranking of benefits, drawbacks, and performance experienced in international co-productions /co-ventures. From this survey, it was found that financial pooling is the most important benefit while increased co-ordination costs are the greatest drawback. In this paper, the perceptions of benefits and drawbacks reported by Australian respondents are compared with those of respondents to similar surveys conducted in Canada and are found to be remarkably similar. Australian producers, however, reported better international co-production performance than their Canadian counterparts. </jats:p>