Thu, Aug 09, 2007 - Page 4 News List

Bill to push digital sector

`WORTH INVESTING IN' The Cabinet plans to spend NT$1.36 billion to subsidize 60 local animated film and digital game projects to encourage local talent

By Jimmy Chuang  /  STAFF REPORTER , WITH CNA

The Cabinet introduced a digital image industry development bill yesterday and said it would invest NT$4.12 billion (US$125 million) in the development of the country's digital content industry over the next five years.

The Executive Yuan will also activate its NT$20 billion National Development Fund to push for local and international investment in the industry, Chang said.

The aim of the investment is to boost the emerging industry's production value to NT$600 billion by 2011, Chang said.

Under the bill, TV stations would receive financial aid and incentives for broadcasting a certain amount of locally produced digital content.

The bill will be submitted to the legislature for final approval.

Chang said that the government would allocate NT$1.36 billion to subsidize 60 local animated film and digital game production projects to encourage local talent.

"This business is worth investing in because it is one of the hottest industries of the future," Premier Chang Chun-hsiung (張俊雄) said.

The premier said the government expected local TV stations to help by airing more local films.

"That would be sufficient to promote the industry and draw a lot of public attention," Chang said.

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