KUALA LUMPUR, Nov 25 — Communications Minister Fahmi Fadzil announced the Malaysian Music Industry Development Study (KPIMM) and the establishment of the Pro Tem Music Industry Committee (JK-PTIM) today, two significant initiatives aimed at supporting the growth of the music industry as a new sub-sector with the potential to drive the nation’s economic growth.
The Communications Ministry said KPIMM plays a role in examining issues, challenges, and ecosystem development more comprehensively, along with proposing suitable action plans to strengthen the music industry.
This encompassed value chain analysis, governance and regulatory frameworks, policy and legislation setting, as well as benchmarking best governance methods and practices regionally and globally.
"KPIMM is also supported by 20 experienced JK-PTIM members appointed voluntarily, serving as intermediaries between industry players and the research team.
"JK-PTIM is also responsible for providing inputs aligned with the study's scope and submitting proposals for solutions and improvements to develop Malaysia's music industry," it said in a statement today.
The ministry added that on July 14, 2021, the Cabinet agreed to the establishment of the Malaysian Music Industry Corporation, subject to a detailed study of the business model, governance, staffing, and specific legislation, which would be conducted by an independent consultant.
— Bernama
