Variety, 12 May 2009, CLIFFORD COONAN
BEIJING -- Film funding may be drying up in some markets but the cash-rich city state of Singapore is expanding efforts to woo the world's creative community.
The Media Development Authority of Singapore announced three initiatives at a briefing at the Cannes Film Festival on Tuesday.
The government has earmarked $156 million over five years to develop the media content sector, which comes on top of $340 million it has already committed to interactive digital media research and development over five years.
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