Information systems are getting more and more multimedia-based as well as network-based. This evolution, as well as an increased rate of change, put new demands on methods and competencies required for developing future information systems. In this work, we give an overview of the different types of information systems and methods for information systems development, especially with respect to multimedia aspects. Multimedia systems development is discussed particularly with respect to the dual processes of software engineering and content development. Possible future directions are pointed out, in which information systems development seems to become an even more multidisciplinary effort. As a result we present a list of competencies required for multimedia information systems development as well as possible research areas of interest. These research areas cover the following issues regarding the development of multimedia information systems: project management, conceptual modelling, content maintenance, requirement treatment and development approaches.