Feeds

Aus gaming industry gets AUD$20m bonus

Govt takes gaming export seriously

Choosing a cloud hosting partner with confidence

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. ®

Security for virtualized datacentres

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
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.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.