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PH Creative Content Industry to become Top Dollar-earner

by: Karen Cayamanda

Thursday, December 9, 2010 | Outsourcing News |

Creative Content Creation could bring in $25 B in Earnings

In the next five years, the Philippine business process outsourcing (BPO) industry, particularly the creative content sector, is expected to exceed the remittances from overseas Filipino workers, making the former the country’s top dollar-earner.

Commission on Information and Communications Technology (CICT) Secretary Ivan John Uy said the remittances from OFWs will hit $17 billion, while the creative content sector’s revenues will likely reach $9 billion this year. However, if the government gives support to the animation sector, revenues can reach $25 billion by 2016. "Creative content will be the driver of economic growth in our interconnected world. It accounts for majority of IT use from gaming to social networking and has the highest value added," Uy added.

According to Animation Council of the Philippines, Inc. Managing Director Grace Dimaranan, the Philippine animation industry currently consists of 100 firms and employs about 10,000 artists-animators, background artists, graphic artists, and digital painters.




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