Daily Briefing: IMDA earmarks $20m to fund media projects; Google poaches Singapore bankers

And hotel booking provider Travel Prologue partners with Japan’s OTS.

From CNA:

Media projects in the region such as television shows, movies and animation are set to receive more financial support, as the government sets aside $20m in a call for partners to jointly fund these projects.

Whilst there are no restrictions on the types of projects, interested parties must set up in and invest out of Singapore. They must also have an established track record in media fund management.

Communications and Information Minister S Iswaran announced the financing partnership programme for media funds - touted to be the first of its kind in Southeast Asia - at the opening ceremony of the Asia TV Forum & Market and ScreenSingapore.

In his speech, he said that Singapore aims to do more to involve the private sector in developing a deeper media financing ecosystem.

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