Media
and Multimedia
Hong
Kong is the preferred regional location for international media and multimedia
companies which range from TV broadcasting, print media, news agencies to
digital multimedia production. Among the 70 largest media and multimedia
companies in the world, at least 40 have a presence in Hong Kong, many with
substantial investments.
A Liberal Environment
A major factor in attracting this cluster of leading companies is the freedom
of information and investment that Hong Kong offers. Hong Kong is considered
the freest economy in the world and enjoys the most liberal media and
multimedia environment in Asia, with an open investment regime and
unrestricted foreign ownership rules.
A
Strong Support Base
As the information hub of Asia, Hong Kong has developed a deep resource base of
media-related industries. The publishing industry is backed by a highly
developed printing industry that combines the most modern technology with
competitively costed production. As the advertising capital of Asia, Hong Kong
is also an attractive market for the media business with the second highest per
capita advertising spending in the world.
Advanced Infrastructure
Our world-class, fully liberalised telecommunications has created the most
competitive environment in Asia and enables media companies to reliably transmit
and receive information at very low cost. International publishers can make use
of advanced satellite communications to transmit text and high-quality images
for the production of their Asian editions in Hong Kong, then distribute to the
region through the world's largest air cargo hub.
The multimedia sector enjoys excellent infrastructure development. For instance,
Cyberport's Digital Media Centre includes an audio visual production centre,
video studio, file and data conversion facilities, disk farm and rendering farm.
Together with high bandwidth via IPN (Internal Private Network) and the
Internet, SAN (Storage Area Network) and an A/V library inside the iResource
Centre, Cyberport provides an extremely favourable environment with very
competitive operating costs for the development and operation of multi-media
companies.
Closer
Economic Partnership Arrangement (CEPA)
The Closer Economic Partnership Arrangement (CEPA), which took effect at the
beginning of 2004, provides Hong Kong with additional and exclusive Mainland
market access benefits. (1) Mainland " Hong Kong co-produced TV
programmes are allowed to be broadcast and distributed as China produced
programmes and are not subject to any restrictions in terms of the quantity and
the time of broadcast in the Mainland. (2) Hong Kong companies engaging in the
operation of cable TV network are permitted to provide professional technical
services related to cable TV networks in Guangdong as a pilot area after
obtaining the approval of the relevant authorities. (3) Television dramas
co-produced by the Mainland and Hong Kong should be subject to the same standard
on the number of episodes as that applicable to Mainland domestically-produced
television dramas.
Gateway to
China
Hong Kong is the information gateway to the Mainland, which has an
underdeveloped media market with tremendous potential. Increased public demand
for higher quality and greater cultural content in the Mainland has resulted in
a significant demand in the industry.
More...
Office
of Telecommunication Authority (OFTA)
Hong
Kong Broadcasting Authority
Hong
Kong Television and Entertainment Licensing
Hong
Kong Digital Entertainment Association
Hong
Kong Cyberport
Cyberport
IncuTrain Centre
Cyberport
Digital Media Centre
Multimedia
Entrepreneurial Research, Education and Creativity Laboratory (MERECL)
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