IMDA launches $20m fund to boost funding of regional media projects, like movies, in Singapore

SINGAPORE - To help boost how media projects in the region - be they television shows, animated features or movies - can be financed in Singapore, the Government is setting aside $20 million in a call for partners to jointly fundsuch projects.

Calling the programme by the Infocomm Media Development Authority the first of its kind in South-east Asia, Mr Iswaran said:"Singapore aims to do more to involve the private sector as we develop a deeper financing ecosystem to support regional productions and talent." Other initiatives furthering this intent are a number of new deals between IMDA and major global players such as Viacom International Media Networks, the international division of American media giant Viacom, as well as CJ ENM Hong Kong, the regional office of South Korean entertainment company CJ ENM.

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Source: The Straits Times - 🏆 8. / 63 Read more »