Taiwanese programmer TVBS and telco/streamer Far EasTone have tied up with Korea's CJ ENM Hong Kong to create a content fund that taps Taiwan government agency Taicca's determination to drive an international agenda for Taiwanese content.

Hopes are that the four-party MoU, signed this afternoon on day one of the TCCF event in Taipei, will result in a firm structure for a multi-year fund to co-produce and jointly distribute content within 12 months.

The MoU was signed by CJ ENM HK managing director, Michael Jung; Taicca chairman, Homme Tsai; COO of Far EasTone, Digital Entertainment, Gary Tsai; and general manager of TVBS, Sheena Liu. Taiwan's Minister of Culture, Shih Che, attended the signing ceremony.

Jung said during the ceremony that a final agreement would be sealed in the next year.

“We have a long way to go, but this is a very big first step," Jung said.