Singapore allocates $157m for media

Singapore has outlined a S$230 million (US$157 million) program designed to boost the country’s media sector.

The Singapore Media Fusion Plan, unveiled by national media regulator the MDA, includes the establishment of a ‘FutureTV’ partner network that links traditional and new media companies seeking to develop and launch interactive TV services.

The MDA said that the S$230 million that will be spent executing the plan represents a 40% increase on the funds allocated for the previous media promotion program and comes on top of the S$500 million already spent on promoting TV, film and digital media from Singapore. Local authorities are keen to establish Singapore as a regional media hub that can rival Hong Kong.