HONG KONG — Singapore and South Korea have signed a bilateral co-production agreement to encourage and simplify TV co-productions.
Deal between Singapore’s Media Development Authority and the Korean Broadcasting Commission was signed at this week’s BroadcastAsia convention in Singapore. The countries signed a memo of understanding in January 2005.
Programs made between producers or broadcasters from the two countries will be considered national productions. They will count toward broadcasters’ local content requirements and be eligible for local financial assistance.
Content covered by the deal includes TV animation, drama documentaries and will be extended in the future to cover new media.
MDA will sign similar deals this year with Australia and Italy.
Meanwhile, India and Brazil struck a similar deal at the end of last month during the state visit of Brazilian president Luiz Inacio Lula da Silva.
Treaty needs ratification by the Brazilian parliament and is expected to take two years to take effect.