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The Media Development Authority Aids The Growth Of Singapore 's Media Sector Essay

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Singapore’s media sector has posted a combined growth rate of 6.8 per cent between year 1997 and 2008. The following year, the media industry has provided $2.3 billion returns to the nation’s economy as well as $6.4 billion revenue in value added. The media industry has employed about 66,000 employees. Industries such as television broadcast and production, film, publishing and printing, interactive and digital media and music make up the media sector in Singapore. The Media Development Authority aids the growth of Singapore’s media sector. This is accomplished by stimulating a favorable business environment by regulating its policies that increases ventures as well as innovation. This process delivers more content selections for end users. Through a dual method of co-regulation and discussions, the Media Development Authority depresses blockades which enables market access as well as industry growth. This also guarantees that Singaporeans continue to have admission to local content of worth and value. MDA works hand in hand with the community by tapping on the knowledge and viewpoints of an extensive range of society. Through meetings and discussions with committees consisting of citizens, MDA warrants that the policies and procedures are in line with community values and morals. http://www.channelnewsasia.com/news/singapore/85-of-singapore-viewers/2241228.html The Annual Nielson Media Index report states that on a weekly basis, about 85 percent of Singapore viewers tune

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