Why is Finas Act 1981 being reviewed for amendments?

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Finas Act 1981 Undergoing Review to Reflect Industry Evolution and Emerging Trends

The Finas Act 1981 is being reviewed for amendments to ensure its relevance and effectiveness in the face of significant transformations within the film and entertainment industry, particularly with the rise of online streaming platforms. This initiative aims to update the legislation to adequately address contemporary industry dynamics and challenges.
Alignment with Evolving Industry Landscape

The primary driver for the review is the need to align the Finas Act 1981 with the current state of the film and entertainment sector. Communications Minister Datuk Fahmi Fadzil has highlighted that major shifts, such as the widespread adoption of online streaming, necessitate legislative updates. This ensures that the Act remains a functional framework for the industry.
Addressing Contemporary Challenges and Opportunities

The review seeks to equip the regulatory framework with the capacity to manage new opportunities and challenges presented by technological advancements and changing consumer behaviours. The expansion of digital platforms has fundamentally altered content distribution and consumption, requiring a legislative revision that can encompass these new realities.
Incorporating Stakeholder Feedback and Demands

As part of the amendment process, the Communications Minister plans to engage with veteran artist groups to understand their concerns and demands. This engagement is crucial for ensuring that the revised Act considers the welfare and needs of industry professionals, reflecting a holistic approach to legislative reform. The discussions will aim to gather insights that can inform substantive changes to the existing legislation.

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Why is Finas Act 1981 being reviewed for amendments?

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