MDA sets digital fund, new niche TV
Singapore Press Holdings gets new broadcast licenseSINGAPORE—Singapore’s media regulators on Wednesday launched a bridge-funding program for local digital media operators and issued a niche TV license to Singapore Press Holdings (SPH), the country's dominant print publisher.
The Media Development Authority (MDA) said its new i.Match program will fund digital projects by varying amounts and introduce them to 40 potential investors, such as venture capital companies DG Ventures Vietnam, Stream Global and the Vickers Financial Group.
SPH’s new niche TV platform, Razor TV, will roll out with a grant from the MDA’s interactive digital media office, overseer of i.Match.
Razor marks SPH’s re-entry into the television market following a failed foray into free-TV begun with rival MediaCorp in early 2005.
Singapore currently enjoys more than 125 TV channels provided by eight national and niche commercial and trial IPTV/VOD service providers.