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🇲🇾 Malaysia /Culture & Society

FINAS Considers Entertainment Levy to Boost Local Film Industry

From Utusan Malaysia · () Malay

Translated from Malay and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified New plan
  • FINAS is discussing the introduction of an entertainment levy to strengthen the local film industry's development fund.
  • South Korea has implemented a mandatory 3% levy on cinema ticket prices for its film development fund.
  • This mechanism could provide a continuous funding source for the local film industry's growth.

The National Film Development Corporation Malaysia (FINAS) is exploring the implementation of an entertainment levy to bolster the development fund for the local film industry. This initiative aims to create a sustainable financial stream to support the growth and enhancement of Malaysian cinema.

FINAS is currently in discussions regarding the specifics of this potential levy. The corporation is looking at mechanisms that could generate consistent revenue, which would then be channeled into the industry's development fund. The goal is to provide a stable financial foundation for filmmakers and production companies.

As a reference, South Korea has already implemented a similar system. The Korean government mandates a 3% levy on the price of every cinema ticket sold. These collected funds are then allocated to the country's Film Development Fund, effectively supporting the advancement of its national film industry. FINAS is examining such international models to inform its own potential policy.

About this summary

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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