Taiwan's Production Value of Digital Contents to Reach NT$780B. in 2012

Taipei, Nov. 3, 2011 (CENS)--Heavily bolstered by the Ministry of Economic Affairs, Taiwan's digital content industry is expected to score output value of NT$780 billion in 2012 at the earliest, according to MOEA officials.

According to statistics compiled by Industrial Development Bureau, output of the industry grew at a compound annual growth rate of over 16% from 2002 through 2010, and total investments was valued at over NT$120 billion during the span. Optimistic about the huge growth potential, MOEA plans to speed up development of the industry on the island, encouraging local enterprises to digitalize single original sources of content for new audiences and contexts for enhanced value.

Officials indicated that MOEA will urge formation of cross-industry alliances in the industry, and invest hundreds of billion of New Taiwan dollars in assisting insiders in digitalizing content of several homemade, sought-after dramas, movies, animations, comic books and operas in the coming years.

Cooperation between physical store operators and digital content platform developers on digital content applications will also help to fuel development of the industry, said the officials. For instance, White Wood House, a food and cake maker with numerous outlets in Taiwan, has worked with InfoExplorer Co., Ltd., a Taiwanese system integrator, on developing browser games. And a local restaurant operator has also applied state-funded Academia Sinica's digital technology to build a smart restaurant in cooperation with an IT company.

Noteworthy is that Taiwan's high-tech and electronic companies have also ventured into the digital content industry. For example, Guo Tai-chiang, chairman of Cheng Uei Precision Industry Co., Ltd., a globally leading maker of connectors for electronic devices, has directed his reinvested company, Central Picture Corporation, to invest in Taiwan's first homemade epic movie, Seediq Bale, disclosing his ambition to explore the market for digital content and media metadata. In the meantime, HTC Corp.'s chairwoman Cher Wang has also had her reinvested Catchplay, an online VoD platform service company, set up a capital venture foundation for filmmaking.

Therefore, MOEA officials are confident that Taiwan's digital content industry will prosper, expecting the industry's overall output value to stand at over NT$780 billion in the coming year from NT$522.5 billion posted in 2010.