This study explores the fiscal incentives associated with film policy regulations in Indonesia and Malaysia, two emerging cultural hubs with shared values yet distinct economic objectives. As each country pursues unique pathways for growth, this comparative analysis highlights the impact of government-supported fiscal policies on their film industries. Indonesia's initiatives include the Indonesia Film Match Fund, established by the Ministry of Education, Culture, Research, and Technology, and the Filming in Jakarta program, managed by the Jakarta Film Commission. Meanwhile, Malaysia’s film industry thrives under the Film in Malaysia Incentive (FIMI), spearheaded by the National Film Development Corporation Malaysia (FINAS). Employing a qualitative approach informed by cultural industry theory, the research assesses how these policies shape the foundational framework and ongoing development of the film sectors in both nations. Findings reveal that FINAS has effectively positioned Malaysia as an attractive destination for film production and post-production, while Indonesia is in the nascent stages of harnessing its incentives. This study underscores the recognition of film as a vital economic asset in both countries and illustrates how these fiscal initiatives contribute to the flourishing of their respective film industries.
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