Feeds

Aus gaming industry gets AUD$20m bonus

Govt takes gaming export seriously

Secure remote control for conventional and virtual desktops

Australia;s computer gaming sector has been handed an AUD$20 million stimulus from the federal government in the form of a three year Interactive Games Fund.

The funding, which will be administered by Screen Australia, aims to accelerate the Australian gaming development industry to compete globally in a market expected to valued at $90.1 billion by 2015.

"Australian games studios are recognised internationally for their skill and originality in developing interactive games played all over the world but the local industry is coming under increased pressure in the midst of a major market shift, “said Arts Minister Simon Crean.

Locally, Australian consumers spent $1.5 billion last year in retail sales for interactive games. That figure does not include digital sales. But the government sees strong export potential, particularly as an interactive extension to film and TV content production.

"This fund will assist the sector to reclaim their competitive advantage and support the development of games in Australia, investing in the intellectual property of our creative businesses to give them a stronger position internationally,” Crean added.

The Fund will commence in 2012–13, delivering $5 million in the first and second years, before jumping to $10 million in 2014–15.

The Game Developers' Association of Australia (GDAA) praised the move and said it complemented the opportunities that the National broadband Network would bring.

"The games industry has gone beyond the entertainment space with games now used in education, healthcare and training. We look forward to working with the Federal Government to create a program that supports growth and stability, secures jobs, encourages innovation and creativity, and promotes investment in Australian talent and capability globally," GDAA chief executive Tony Reed said.

Screen Australia will develop the funding guidelines in consultation with the sector and administer the Fund in its capacity as the government's key agency for support to the screen production sector.

“Together with some good businesses, international investment and local start-ups there's world-class entrepreneurial drive in our IT and cultural industries. If we do it properly, treat it as a down payment, because there's much to be done into the future,” Crean said. ®

Intelligent flash storage arrays

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.