The success of Mat Kilau’s film is proof of government policy right, help local producers

The success of Mat Kilau’s film is proof of government policy right, help local producers

KUALA LUMPUR: The success of films and productions that receive incentive funds from the government proves that the policies and programs channeled through the Ministry of Communications and Multimedia (K-KOMM) are right in helping local film producers.

Malaysian National Film Development Corporation (Finas) chief executive officer Prof Dr Md Nasir Ibrahim said the film Mat Kilau: Kebangkitan Pahlawan produced by Studio Kembara Sdn Bhd, which grossed RM43.9 million in stage ticket sales in 12 days, was among the recipients of support and encouragement from the government.

The film, directed by the Best Film Director of the 28th Malaysia Film Festival, Syamsul Yusof, received a Digital Content Fund (DKD) with a total Production Fund grant of RM1.5 million and a Marketing Fund of RM300,000.

He said the film editing process was done using a studio developed by Finas, namely Studio Mixstage, Kompleks Studio Merdeka.

“The impressive performance of this film with a blockbuster collection shines a light on the country’s film industry. The response from the audience is not only in Malaysia but also Singapore and Brunei, thus proving the strength of the local film brand in gaining the audience’s trust in cinemas after facing the COVID-19 pandemic challenge.

“This also proves the strength of local stories inspired by history and heritage accepted by the audience, besides having great potential to be lifted to the silver screen. For Finas, the film’s achievements are very gratifying and injects the spirit of its citizens to help local film industry activists,” he said in a statement today.

Md Nasir hopes that the great response to Mat Kilau’s film will continue to generate support for local film screenings after this, besides giving encouragement to producers to increase the production of quality works that can penetrate the local and international markets.

He also reminded the industry players who received the agency’s allocation, to continue to comply with the contract agreement and give due credit to the government, K-KOMM and Finas as stipulated in the terms of the agreement.

In the meantime, Md Nasir said Finas was also committed to helping ease the burden of producers through the Feature Film Screening Incentive (ITFC) since July 1, 2011 which replaced the Entertainment Duty Collection Incentive.

“This incentive is courtesy of the government in helping local producers and filmmakers who have to pay an entertainment tax of 25 per cent to the state government, which has not been channeled back to Finas since 2000.

“Finas continues this incentive because it realizes the importance of the industry which contributes a lot to the national economy. Based on the ITFC’s policy, films like Mat Kilau have the opportunity to receive a return of RM500,000 because ticket collection exceeds RM6 million,” he said.

Apart from that, according to him, the agency will hold a meeting with local film exhibitors and producers on Thursday (July 7) to review the distribution of film ticket sales profits between the two parties in order to achieve clearer and fairer results and guidelines.

source – BERNAMA

Share This


Wordpress (0)
Disqus (0 )