The government of Malaysia has agreed on a proposal to undertake the initiative to further develop the creative and content industry market to the next level. This industry worth RM11billion of the ICT industry’s annual RM40billion revenue.
This is confirmed by information, Communications and Culture Minister Datuk Seri Dr Rais Yatim at the launch of My1Content the country’s first integrated digital content platform.
The business model is distribution of digital and creative content.Dr Rais said local digital content was profitable as those from RTM and Malaysia National Film Development Corporation (Finas) had sold for RM300million last year.
My1Content is a virtual marketplace developed by TM for trading of digital contents. It can be seen as competitor of Apple’s AppStore, Google’s Play Store, Amazon and etc.
“So far, we have 48 multi-functional applications, 50 films and animated works and five recordings from indie bands,” said TM group CEO Datuk Seri Zamzamzairani Mohd Isa.
