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Time of India
04-05-2025
- Business
- Time of India
WAVES Bazaar concludes with business deals worth Rs 1,328 crore
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The WAVES Bazaar , part of the broader World Audio Visual and Entertainment Summit (WAVES 2025), concluded recently in Mumbai, reporting business transactions of over Rs 1,328 crore and hosting more than 3,000 B2B meetings over three Government of Maharashtra signed Memorandums of Understanding (MoUs) amounting to Rs 8,000 crore, aimed at supporting and expanding the media and entertainment (M&E) first edition of WAVES 2025 drew participation from various stakeholders including industry professionals, startups, government bodies, academia, and members of the public. The event featured exhibitions, panel discussions, and business meetings, positioning itself as a platform for dialogue and collaboration within the WAVES Bazaar saw active involvement across the film, music, radio, VFX , and animation sectors. Of the total reported transactions, approximately Rs 971 crore resulted from B2B meetings. A key feature of the marketplace was the Buyer-Seller Meet, where over 3,000 business interactions were the notable developments was a collaborative proposal between Film India Screen Collective and Screen Canterbury NZ to launch the first Indian Film Festival in New potential international partnership was hinted at by Only Much Louder CEO Tushar Kumar and Gazprom Media CEO Alexander Zharov, who discussed early-stage plans for cross-cultural events and co-productions between Russia and Video and CJ ENM also announced a multi-year collaboration focused on distributing Korean content to global announcements included the Indo-UK co-production 'Devi Chowdhurani' and the film 'Violated,' a joint project between UK-based Fusion Flicks and India's JVD Maharashtra government contributed significantly to the summit's economic agenda. MoUs worth Rs 1,500 crore each were signed with the University of York and the University of Western Australia. Additional agreements included Rs 3,000 crore with Prime Focus and Rs 2,000 crore with Godrej through the state's Industries the startup space, WAVEX selected 30 M&E startups to present their ideas to a panel of 45 investors, including representatives from Lumikai, Jio, CABIL, and WarmUp Ventures. With over 1,000 registrations, investment discussions worth approximately Rs 50 crore are said to be in Start-Up Pavilion saw participation from over 100 ventures showcasing innovative ideas and aims to build a supportive ecosystem through a dedicated angel investor network, incubators, and mentorship programs. It also plans to support early-stage ideas, particularly from Tier 1 and Tier 2 cities, that may not yet have a tangible product but show strong potential.
Time of India
04-05-2025
- Business
- Time of India
WAVES Bazaar sees deals worth over Rs 800 crore, total valuation to exceed Rs 1,000 crore
WAVES Bazaar 2025 The inaugural edition of WAVES Bazaar concluded on Saturday, with the marketplace recording business transactions exceeding Rs 800 crore over its three-day period. According to an official statement , the total valuation is projected to surpass ₹1000 crore in a few days as deal-making was still underway. The deals struck during the event were across the film, music, radio, VFX and animation sectors. Key highlights A key highlight of the bazaar was the buyer-seller market, which alone generated revenue upwards of ₹500 crore, with additional deals expected to close in the coming days. The buyer-seller market witnessed more than 3,000 business-to-business (B2B) meetings at WAVES Bazaar, which was organized under the umbrella of the World Audio Visual & Entertainment Summit (WAVES). The bazaar also helped emerging creators pitch their intellectual properties (IPs) to a global network of buyers and collaborators, generating significant interest and fostering new partnerships. Also, in a major achievement in international collaborations between India and New Zealand, the Film India Screen Collective and Screen Canterbury NZ announced a collaborative proposal to launch the first-ever Indian film festival in New Zealand. Similarly, paving the way for an India-Russia collaboration, Only Much Louder (OML) CEO Tushar Kumar and Gazprom Media CEO Alexander Zharov have begun early talks on a potential Memorandum of Understanding to collaborate on cross-cultural festivals and co-produce comedy and music shows in each country. Major deal announcements Prime Video announced a multi-year collaboration with South Korea's CJ ENM to distribute premium South Korean content globally. The deal includes streaming in over 240 countries, featuring 28 subtitle languages and 11 dubbed versions. Another major announcement was of the film "Devi Chowdhurani," India's first official co-production with the United Kingdom. A pre-teaser of the film, which is backed by the Ministry of Information & Broadcasting, among others, was unveiled at WAVES Bazaar. (With PTI inputs) Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
