KKMM-FINAS Host the 5th Asia Content Business Summit in Malaysia

Published by Amzar Anizam @ 22/09/2016

From left to right: Mr. Fred Wang, Dato Kamil Othman, Mr Takeuchi, Dato' Fauzi Ayob.

The Ministry of Communications and Multimedia Malaysia (KKMM) and the National Film Development Corporation Malaysia (FINAS) are hosting the fifth Asia Content Business Summit (ACBS) for the first time in Malaysia today, as part of FINAS main program at KL Converge! 2016 at the Kuala Lumpur Convention Centre.

Co-organised by the Ministry of Economy, Trade and Industry (METI) Japan, the ACBS was established with the objective of raising and developing the Creative Multimedia Content Industries in Asia, and to bring people from the related public and private sectors from Asian countries and regions together. Among the ACBS members in attendance are Mr. Yoshiaki Takeuchi, Deputy Director General for IT Strategy of METI (Japan), Mr. Sirisak Koshpasharin, CEO of MediaMax Co. Ltd (Thailand), Mr. Iljoong Kim, Senior Manager of Korea Creative Content Agency (Korea), and others.

By hosting the Summit in Malaysia, KKMM and FINAS hope all ACBS members and international participants of ten countries including Thailand, Indonesia, Singapore, Hong Kong, and others will understand more about Malaysia and the state of its creative industry at the ground level, in an effort to pursue their objectives.

This year, Malaysia will highlight the new role that the government sectors have to play in order to sustain the Malaysian environment for the digital economy to take off, besides addressing a diverse range of topics relating to the Creative Multimedia Content Industries; from Changing Digital Content and Technology Landscape, Co-Production, Entrepreneur Network, Anti-piracy Measures, to Funding Services and more.

Dato’ Kamil Othman, Director General of FINAS, commented it is an honour that the ACBS is being held in Malaysia this year. He added, "The ACBS provides an important platform for Malaysia to engage with other member countries on many aspects of the digital environment that is now synonymous with the growth of Content Industries as economic sectors. Since becoming a member in 2008, Malaysia has had the benefit of many collaborative projects and research references under the auspices of ACBS and we hope this will continue for many more years to come."

Fred Y.S. Wang, Chairman of ACBS reiterated, “I hope that our meeting in Kuala Lumpur will shed new lights on how the content business will help to bring about a new Asia economy. I look forward to members’ contribution on how we can collaborate more to help member countries and regions to innovate and to create more job opportunities for our young people and to boost our economies through the content industry.”

Since its participation in ACBS in 2008, Malaysia has seen a growth in the audio-visual content industry at 12.8 percent and recorded 11.7 percent in the content industry which includes games and music, as reported by the Economic Research Institute for ASEAN and East Asia (ERIA) in 2012.