Written by David Lewis on May 14, 2009. Posted in Incentive News

New Singapore initiatives to entice international film industry

The Media Development Authority of Singapore (MDA) have announced several new initiatives as part of its Singapore Media Fusion Plan (SMFP). Using the SMFP, the MDA is trying to attract the world's creative community to partner with Singapore companies as it strives to develop Singapore into a trusted global capital for New Asia Media.

Initiatives outlined included an International Film Fund, a Stereoscopic 3D Development Fund and the development of Mediapolis @ one-north, a state-of-the-art studio complex which offers sound stages, digital production, post production, broadcast and distribution facilities.

Dr Christopher Chia, MDA’s Chief Executive Officer, said: “New Asia Media is about the diversity and dynamism of Asia as an emerging content powerhouse of ideas and creativity that is fast captivating the imagination of global audiences."

The Singapore Government has earmarked USD156 million over five years to develop the country's media content sector. This is in addition to the USD340 million already committed to interactive digital media research and development.