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

The Malaysian government has allocated over RM130 million in Budget 2027 to support the local film, music, and creative industries.

MyCreative Ventures highlighted this investment as crucial for nurturing talent, producing high-quality content, and fostering resilient creative businesses.

The budget aims to enhance Malaysia's cultural image, create jobs, and bring local stories to a global audience, with measures like entertainment duty exemption to boost demand for local works.

MyCreative Ventures reiterated its commitment to advancing the nation's creative economy and expanding market access for industry players.

KUALA LUMPUR, Oct 15 — The allocation of more than RM130 million under Budget 2027 for the local film, music and creative industries is a timely move to boost the sector’s contribution to economic growth and talent development.

MyCreative Ventures said in a statement today that the government’s support would help industry players nurture their talents, create high-quality content and build more resilient and sustainable creative businesses.

“In an industry increasingly shaped by technology, digital content and global competition, creativity must extend beyond producing works to generating greater economic value,” it said.

Prime Minister Datuk Seri Anwar Ibrahim, when tabling Budget 2027 on Oct 9, announced an allocation of more than RM130 million to support the local film, music and creative content industries, with the aim of elevating Malaysia’s image, creating job opportunities and bringing Malaysian stories to a global audience.

On the full exemption of entertainment duty on tickets for local film screenings and theatrical performances in the Federal Territories, MyCreative Ventures said the measure would help stimulate demand for local works, widen public access to quality content and boost the earnings of industry players.

“More importantly, the initiative will help build a stronger domestic market, paving the way for Malaysian creative works and talent to expand their reach.

“MyCreative Ventures will continue to support the development of the nation’s creative economy through value creation, stronger industry capabilities, the development and commercialisation of intellectual property, and broader access to markets and business opportunities,” the statement read.

Meanwhile, MyCreative Ventures Group chairman Datuk Muhammad Bakhtiar Wan Chik said the allocation underscored the MADANI Government’s continued commitment to developing the creative industry into a competitive, high-value sector that contributes more significantly to the national economy. — Bernama

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马来西亚政府在2027年财政预算案中拨款超过1.3亿令吉，用于支持本地电影、音乐和创意产业。

MyCreative Ventures 强调，这项投资对于培养人才、制作高质量内容和培育具有韧性的创意企业至关重要。

该预算旨在提升马来西亚的文化形象，创造就业机会，并将本地故事带给全球观众，并采取娱乐税豁免等措施来刺激对本地作品的需求。

MyCreative Ventures重申了其致力于推进国家创意经济发展和扩大行业参与者市场准入的承诺。

吉隆坡，10月15日讯——2027年财政预算案中拨款超过1.3亿令吉用于本地电影、音乐和创意产业，此举恰逢其时，旨在促进该行业对经济增长和人才发展的贡献。

MyCreative Ventures今天在一份声明中表示，政府的支持将帮助业内人士培养人才，创作高质量的内容，并建立更具韧性和可持续性的创意企业。

“在一个日益受到技术、数字内容和全球竞争影响的行业中，创造力必须超越作品的创作，去创造更大的经济价值，”报告指出。

马来西亚首相拿督斯里安华·易卜拉欣于10月9日提交2027年财政预算案时宣布，将拨款超过1.3亿令吉，用于支持本地电影、音乐和创意内容产业，旨在提升马来西亚的形象，创造就业机会，并将马来西亚的故事带给全球观众。

MyCreative Ventures表示，联邦直辖区内本地电影放映和戏剧表演门票完全免征娱乐税，此举将有助于刺激对本地作品的需求，扩大公众获取优质内容的渠道，并提高业内人士的收入。

“更重要的是，这项举措将有助于建立更强大的国内市场，为马来西亚的创意作品和人才扩大影响力铺平道路。

声明中写道：“MyCreative Ventures将继续通过创造价值、增强产业能力、开发和商业化知识产权以及扩大市场和商业机会的覆盖范围，支持国家创意经济的发展。”

与此同时，MyCreative Ventures Group主席拿督穆罕默德·巴赫蒂亚尔·万·奇克表示，这笔拨款凸显了MADANI政府持续致力于将创意产业发展成为一个具有竞争力、高价值的行业，从而为国民经济做出更大贡献。——马新社

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