Budget 2027: RM130M boost for local film, music, and creative content

The Malaysian government has announced a RM130 million budget boost for the local film, music, and creative content industries for Budget 2027, according to Malay Mail. This substantial allocation aims to elevate Malaysia's image, create job opportunities, and bring Malaysian stories to a global audience. MyCreative Ventures, a prominent industry player, welcomed the move, stating that it would help nurture talents, create high-quality content, and build more resilient and sustainable creative businesses.

The measure includes an exemption from entertainment duty on tickets for local film screenings and theatrical performances in the Federal Territories, which is expected to stimulate demand for local works and widen public access to quality content. Industry experts, such as MyCreative Ventures Group chairman Datuk Muhammad Bakhtiar Wan Chik, have praised the government's commitment to developing the creative industry into a competitive, high-value sector contributing more significantly to the national economy.

Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.