KUALA LUMPUR: As Budget 2025 approaches, anticipation is building in the local music industry.
Musicians and industry players alike hope that the government, led by Prime Minister Datuk Seri Anwar Ibrahim, will provide meaningful support for the sector when the budget is presented in the Dewan Rakyat.
Like other creative industries, the music sector plays an important role in driving the nation's economy, especially in the digital age.
The Recording Industry Association of Malaysia (RIM) is hopeful that the government will inject funds to propel local music artistes onto the international stage.
RIM chairman Rosmin Hashim highlights the potential for the music industry to boost the economy.
He emphasises that investment in music has a ripple effect, benefiting other sectors such as broadcasting. "When a song is produced, revenue comes not only from the sale of the music but also from related industries like radio and television," he told Berita Harian.
"Radio stations often play local songs, and television networks need popular tracks to attract viewers. "Concerts also generate revenue, particularly when popular artistes are involved.
"Encouraging investment in music can significantly contribute to the digital economy."
Rosmin pointed to the Digital Content Fund (DKD) managed by the Ministry of Communications, which supports the creation of digital content and live events.
"We hope the fund will be increased so more artistic events can take place, benefiting the economy," he said.
Rosmin, who also serves as chairman of Public Performance Malaysia (PPM), stressed that boosting exports of Malaysian music is crucial.
He suggested that tax exemptions or government initiatives to support international promotions could expand the reach of local music.
"South Korea has excelled in exporting its music, and Malaysia should aim for the same.
"Success abroad would not only enhance the country's economy but also elevate Malaysia's global reputation."
He also noted that promoting local music abroad could help boost tourism by featuring Malaysian locations in music videos.
"Increased government funding for these initiatives would add value to the national economy and generate income for everyone in the music ecosystem—from singers and songwriters to producers and crew members," he added.
However, Konsortium Industri Rakaman Muzik Malaysia (Irama) believes that funding is not the main issue.
According to Irama president Ayob Abd Majid, what the music industry truly needs is a governing body.
He compared the situation to the film industry, which is regulated by the National Film Development Corporation (Finas).
"Every year, the music industry voices its concerns during budget season.
"What we really need is a Malaysian Music Corporation, similar to Finas for the film sector. Right now, the music industry has no 'home'," Ayob explained.
He added that even if funds are allocated, without a proper governing body, the industry struggles to access those resources.
"We need a dedicated body to oversee the music sector. Without it, the allocation of funds remains unclear, and the process of applying for financial support is unnecessarily complicated," he said.
Ayob concluded by saying that the current focus should be on creating this regulatory body, rather than just increasing funding.
"If there's no governing body, the funds won't be effectively used. Establishing a 'home' for the music industry is the key to long-term success."