{"id":2448,"date":"2012-04-03T00:00:00","date_gmt":"2012-04-03T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvasia\/2012\/04\/03\/malaysia-offers-up-new-incentive-for-local-foreign-producers\/"},"modified":"2012-04-03T00:00:00","modified_gmt":"2012-04-03T00:00:00","slug":"malaysia-offers-up-new-incentive-for-local-foreign-producers","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvasia\/malaysia-offers-up-new-incentive-for-local-foreign-producers\/","title":{"rendered":"Malaysia Offers Up New Incentive for Local, Foreign Producers"},"content":{"rendered":"<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\"> CANNES: A new cash rebate for films and TV shows shot in Malaysia is the latest initiative in the country&#8217;s efforts to elevate its content sector and encourage co-productions, N. Balaraman, the director of planning and research at the National Film Development Corporation Malaysia (FINAS), has told <em>World Screen Newsflash<\/em>.<br \/>\n<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The Film in Malaysia Production Incentive will be available to both local and international producers. It has been introduced &quot;to make Malaysia a global filming destination and also a content hub in Asia,&quot; Balaram said. &quot;The best thing about it is, it&#8217;s not only meant for  feature films, but also documentaries, animation and television productions. Even post production work that comes from overseas would qualify.&quot; <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">International producers who are spending a minimum of $1.66 million producing locally would receive the 30 percent cash rebate, Balaram said. For local producers, the minimum production budget is $800,000.<br \/>\n<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Balaram noted that FINAS&nbsp;is particularly keen to raise the profile of Malaysian feature films, which have not traveled the way that animation and docs have. &quot;By bringing in foreign production&#8230;there will naturally be a transfer of technology and skills&quot; between international and local producers. &quot;We are telling Malay producers, raise your standards.&quot;<br \/>\n<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The greatest challenge facing local producers in their efforts to export content is that &quot;we have excellent stories but very poor storytelling skills,&quot; Balaram said. &quot;One of the best ways [to improve] is to bring in very good scriptwriters, script editors, to train Malaysian producers and screenwriters.&quot; In addition, Balaram said, &quot;we are still not savvy enough when it comes to marketing and distributing internationally.&quot;<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Balaram notes that Malaysia is close to signing its first co-production agreement. &quot;Through co-production, we&#8217;ll be able to raise the standard of Malaysian producers and open up Malaysian prodctions to other places.&quot;<\/span><\/span><span style=\"font-size: small\"><span style=\"font-family: Verdana\"><br \/>\n<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CANNES: A new cash rebate for films and TV shows shot in Malaysia is the latest initiative in the country&#8217;s efforts to elevate its content sector and encourage co-productions, N. Balaraman, the director of planning and research at the National Film Development Corporation Malaysia (FINAS), has told World Screen Newsflash. The Film in Malaysia Production &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-2448","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Malaysia Offers Up New Incentive for Local, Foreign Producers<\/title>\n<meta name=\"description\" content=\"Malaysia Offers Up New Incentive for Local, Foreign Producers. CANNES, April 3: A new cash rebate for films and TV shows shot in Malaysia is the latest initiative in the country&#039;s efforts to elevate its content sector and encourage co-productions, N. 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