Broadcasting Act Amendment Approved at Cabinet Meeting... Basis Established for Supporting Small PP Productions
IT DAILY ·
✦ AI Summary
The Broadcasting Media and Communications Commission said on the 13th that the draft promulgation of a partial amendment to the Broadcasting Act was approved at the Cabinet meeting.
The amendment creates a new legal basis for supporting program production by small and medium-sized broadcasting channel providers (PPs).
The effective date is 6 months after promulgation, and the Broadcasting Media and Communications Commission plans to push ahead with follow-up measures such as amendments to the enforcement decree.
The Broadcasting Media and Communications Commission said on the 13th that the Cabinet approved the draft promulgation of a partial amendment to the Broadcasting Act. The amendment creates a new legal basis for supporting program production by PPs that qualify as small and medium-sized enterprises.
The revised provisions include the creation of a new basis for supporting program production for PPs that qualify as small and medium-sized enterprises. The support targets small and medium-sized broadcasting channel providers (PP, Program Provider) facing difficult management conditions.
PPs are broadcasters that directly produce or procure content and then supply it through specific channels. They play a role in providing channels to pay TV platforms such as cable TV, IPTV, and satellite broadcasting, with tvN and YTN as examples.
The revised bill passed the full National Assembly on the 1st. It has now also cleared Cabinet approval.
The effective date will be 6 months after promulgation. The planned implementation date is next April.
As a follow-up step to refine the system, the Broadcasting Media and Communications Commission plans to push ahead with follow-up measures such as amendments to the enforcement decree, and it also plans to prepare a support program plan for small and medium-sized PPs.
Source: IT DAILY · Seong Won-young
Original: https://www.itdaily.kr/news/articleView.html?idxno=242152
References
This article was produced with the help of an automated content generation algorithm.
Source: IT DAILY
View originalThis article was summarized and organized by BizCrush based on the original article from IT DAILY. For exact quotations and full details, please refer to the original article.