The Cabinet has approved the establishment of an independent regulatory body to provide necessary facilities and guidance for the development of the cinema and television industry.
The State Film Corporation was established under the State Film Corporation Act No. 47 of 1971 to promote local cinema and was renamed as the National Film Corporation in 1980.
The government said the film industry is facing a severe setback due to various problems and it has been recognized that there is a need to establish an independent regulatory agency to revive the film industry.
“It also appears desirable to have an independent body to provide guidance to develop the television industry. After taking these factors into consideration, the proposal made by the Mass Media Minister was approved by the Cabinet,” it said.
