 Founding members were the experimental filmmakers of the 60s and early 70s, including Aggy Read, David Perry, Albie Thoms, Phillip Adams, Phillip Noyce, and later Bruce Petty.The Co-op grew out of the earlier, less formal, group Ubu Films and held its first official meeting in May 1970.One month earlier, the Experimental Film Fund had come into operation, and suddenly filmmakers had the beginnings of government support for independent or non-feature production – in fact, independent production became government dependent.