THE Ministry of Communications and Multimedia Malaysia (KKMM) and the National Film Development Corporation Malaysia (Finas) have approved 30% of the incentives under the Film in Malaysia Incentive (FIMI) for the visual effects (VFX) work completed by Base Digital Production on Star Wars: The Rise of Skywalker (Episode IX).
Through FIMI, the cost-of-production for studios to outsource work to Malaysia-based companies is competitively comparable with neighbouring regions.
The ease of application and the seamless process of FIMI allows for big productions like Star Wars, Netflix’s 6 Underground, and The Mandalorian to obtain FIMI Rebate.
“The FIMI incentive has brought several blockbuster movies to light in Malaysia. With the tremendous recognition Malaysia has received as a preferred hub for VFX and post-production activities, FINAS will continue in its efforts to develop the film and creative industry in Malaysia and to also develop local talents,” said Finas CEO Ahmad Idham Ahmad Nadzri.
Meanwhile, Base Media founder and CEO Chris Bremble said: “We had a positive first year at the studio with several big productions and new staff on board. We have significant opportunities ahead of us in Malaysia.
“We shifted our strategy a bit with the pandemic, and while unfortunate, we are confident we will quickly get back to growth. The Malaysian government support has been a big factor in getting through the last few months.”
According to KKMM deputy secretary-general Shakib Ahmad Shakir, the FIMI rebate aims to attract international investment and outsourcing services into Malaysia.
“Apart from the economic benefits, the incentive also aims at developing the skills of Malaysian talents, ensuring that they are proficient and accomplished in the digital industry,” he commented. – Dec 25, 2020
