Where is Singapores media industry headed?
Since the launch of the Media 21 blueprint in 2003 to chart growth for Singapore’s media sector, the industry has experienced steady growth with revenues increasing to S$19.5 billion (US$12.26 billion) and employment numbers at over 54,000 as of 2006. Moving ahead, our next phase of growth will be guided by the newly-launched Singapore Media Fusion Plan, which aims to equip Singapore media companies to exploit the opportunities in a rapidly-changing global environment, marked by increased convergence and the rise of Asia as a content powerhouse and one of the most influential markets in the world. What about the animation and gaming industries? Singapore is also making headway in the fast-growing interactive and digital media space, boosted by the Government’s commitment to invest in this sector as a future growth engine for the country. Today, international giants such as Lucasfilm, Electronic Arts and Ubisoft are based in Singapore, working in partnership with Singapore companies and
