Premier Jeremy Rockliff said the investment represents a strong commitment to growing Tasmania's arts, screen and cultural sectors over the next four years and beyond.
"This investment in Tasmania's creative industries will support jobs, innovation and new opportunities for our artists and storytellers, as well as continuing to grow our economy," the Premier said.
"This boost will bring our per capita funding for creative industries in line with Western Australia and ahead of Queensland.
"We are giving the industry the confidence to plan, invest and grow over the long term."
The Creative Industries initiative will deliver an uplift in funding over the forward estimates: from $1 million in 2026-27 to $4 million in 2029-30.
Minister for Arts and Heritage, Madeline Ogilvie, said investing in the State's burgeoning screen industry would be a key focus of the initiative.
"Tasmanian documentaries, film and importantly our game makers are experiencing incredible momentum.
"Screen is a digital industry that is not constrained by geography, so it is perfect for Tasmania.
"This initiative highlights our commitment to the Screen Industry Development, with funding of $2.82 million in 2026-27.
"This investment is about ensuring Tasmania's creative community has the support it needs to move into the next phase - from individual artists to major productions; from music to dance, stage and visual arts, our future is very bright.
"We are backing our creative industries and our artists as a key part of Tasmania's economy and identity."