The Taiwan Creative Content Fest (TCCF) opened in Taipei yesterday, along with the launch of two investment funds totaling more than NT$1.5 billion (US$48.53 million), one of which involves South Korean entertainment giant CJ ENM.
The fund established by CJ ENM along with Taiwan’s Far EasTone Telecommunications and TVBS, called the Taiwan-Korea Entertainment and Cultural Content Fund, is aimed at backing coproductions between Taiwan and South Korea and their global releases, while also helping Taiwan’s entertainment industry connect with international markets.
The Far EasTone-Enjoy Entertainment Fund, launched in partnership with the Taiwan Creative Content Agency (TAICCA) and Far EasTone, would invest in and promote local film and television productions.
Photo: CNA
The initiatives mark a milestone for Taiwan’s film and television industry in terms of systematic investment and international cooperation, TAICCA chairwoman Sue Wang (王時思) told a news conference.
Wang, who is also deputy minister of culture, expressed hope that Taiwan can learn from the success of South Korean entertainment companies.
CJ ENM executive vice president Sean Cho said that “the Taiwan-Korea Entertainment and Cultural Content Fund represents CJ ENM’s belief that cooperation between Taiwan and South Korea can bring more outstanding works to the global market.”
Far EasTone president Ching Chee (井琪) said the company, which has been involved in the creative content business for at least a decade, increased its investment in production due to rising challenges in content acquisition, citing the dominance of Netflix as a major factor.
Now in its sixth year, the TCCF features pitching, marketing and forum sections, and represents one of Asia’s premier creative industry events, bringing together global buyers and sellers to connect, collaborate and explore business opportunities.
More than 700 works from 44 countries were submitted to the pitching section, underscoring the growing importance of the annual event, Wang said at the show’s opening ceremony.
The selected works would compete for 41 awards with a record NT$10.1 million in prize money, TAICCA said.
This year’s TCCF, which runs through Friday at the Nangang Exhibition Center, is to feature 118 institutions and organizations, highlighted by the French Pavilion’s second appearance and the debut of a Korea Pavilion.
Josue Serres — head of the culture, science and education department at the French Office in Taipei — said French companies were drawn to Taiwan after seeing local firms’ ambition to produce original content, describing them as not merely “service providers,” but “equal partners.”
More major Taiwanese tech companies — including HTC and Chunghwa Telecom — are investing in related productions, some offering expertise in augmented reality and virtual reality technologies, he said.
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