I did an analysis for Indonesia. An industrial review, to be precise. With my team.
We really like it that Indonesia, like Korea and Australia, regulates the media industry to protect domestic media producers.
Indonesia was doing the right thing when they only allow local funding for their media, plus minimum local content production regulations. Yes, this stunts media development in their country, but this ensures that when their country develops, with more media demand for their country, they'll add more value to the Indonesian economy.
The very fact that Singapore has only Mediacorp that would rather earn money, with only 'cheaper' foreign content, is telling that the media industry in Mediacorp not only stunts our economic development, but also... well, so I hope for more media liberalization. Not just one TV company. Three. And we can do it the reverse way. We allow foreign funding and investments BUT we must have minimum local content, like 90% of all broadcast media.
What gives?
We really like it that Indonesia, like Korea and Australia, regulates the media industry to protect domestic media producers.
Indonesia was doing the right thing when they only allow local funding for their media, plus minimum local content production regulations. Yes, this stunts media development in their country, but this ensures that when their country develops, with more media demand for their country, they'll add more value to the Indonesian economy.
The very fact that Singapore has only Mediacorp that would rather earn money, with only 'cheaper' foreign content, is telling that the media industry in Mediacorp not only stunts our economic development, but also... well, so I hope for more media liberalization. Not just one TV company. Three. And we can do it the reverse way. We allow foreign funding and investments BUT we must have minimum local content, like 90% of all broadcast media.
What gives?
