Global New Age Media

SpaceToon to invest in Malaysian animation industry

SpaceToon International is collaborating with the Perak state government to develop an animation school, production house and film-making studio cluster in Perak.

As a foreign direct investor, SpaceToon has allocated RM80 million for the first phase of development.

"Malaysia is our choice naturally, given the country's strong pool of human capital and talent in creative and digital technologies," said SpaceToon Media Group International president and chief executive Fayez Al-Sabbagh, citing comic works by local cartoonist Lat.