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Hindustan Times
05-05-2025
- Business
- Hindustan Times
WAVES Bazaar records ₹1,328 crore in deals, emerges as major hub for global creative collabs
MUMBAI: Positioning itself as a leading platform for international business in the creative industries, the WAVES Bazaar — the business conclave of the World Audio-Visual Entertainment Summit (WAVES) — concluded at Jio World Convention Centre, Bandra Kurla Complex (BKC), on Sunday. The four-day event witnessed commercial transactions worth more than ₹1,328 crore across sectors including film, music, radio, VFX, animation, gaming, and web series. Of this total, an estimated ₹971 crore was generated through over 3,000 business-to-business (B2B) meetings, according to a senior official from the Ministry of Information and Broadcasting (I&B). 'The Buyer-Seller Market proved to be a game-changer,' the official added, highlighting the volume and quality of professional engagements. International collaborations were a cornerstone of this year's summit. Among the major announcements was a proposal between the Film India Screen Collective and Screen Canterbury NZ to launch the first-ever Indian Film Festival in New Zealand, marking a significant cultural exchange. Further boosting Indo-global creative ties, Only Much Louder CEO Tushar Kumar and Gazprom Media CEO Alexander Zharov revealed preliminary talks on a memorandum of understanding (MoU) to co-produce comedy and music shows and organise cross-cultural festivals in Russia and India. Another highlight was the announcement of a multi-year strategic collaboration between Prime Video and CJ ENM to distribute premium Korean content globally, signalling the growing influence of K-culture on the Indian market. The Bazaar also hosted landmark co-production announcements, including Devi Chowdhurani, India's first official Indo-UK co-production, and Violated, a project by UK-based Fusion Flicks and JVD Films. Sanjay Jaju, Secretary, I&B Ministry, expressed satisfaction at the overwhelming response the summit received from stakeholders across the ecosystem — including industry leaders, startups, policymakers, academia, and the public. 'WAVES has become a celebration of business, culture, and creative enterprise — a true people's movement,' he said. On the sidelines of the event, chief minister Devendra Fadnavis held key meetings with media and entertainment executives. He met Netflix Co-CEO Ted Sarandos, Universal Music Group's Devraj Sanyal, and Motion Picture Association CEO Charles Rivkin to explore future collaborations in content creation, upskilling, and storytelling rooted in rural Maharashtra. 'Had a fruitful meeting with Netflix's Ted Sarandos. We discussed India's potential as a key growth market and explored partnerships with the state for skilling initiatives in the media and entertainment space,' Fadnavis later posted on X. The CM also lauded Prime Minister Narendra Modi's vision and praised both the Central and Maharashtra governments for the successful organisation of WAVES, which he attended specifically to show his support.
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.
Hans India
04-05-2025
- Business
- Hans India
Inaugural ‘WAVES Bazaar' to see deals worth Rs 1,000 crore: Govt
Mumbai: The inaugural edition of 'WAVES Bazaar' was likely to see business transactions worth over Rs 1,000 crore, as deal-making was still underway, according to the government. Organised under the umbrella of the World Audio Visual and Entertainment Summit (WAVES) here, the marketplace recorded business transactions exceeding Rs 800 crore across the Film, Music, Radio, VFX, and Animation sectors, said the Ministry of Information and Broadcasting in a statement. The event concluded with resounding success, establishing itself as a premier platform for international business collaboration in the creative industries. A key highlight of the Bazaar was the Buyer-Seller Market which witnessed over 3,000 B2B meetings, generating revenue upwards of Rs 500 crore, with additional deals expected to close in the coming days. Curated screenings of films at the 80-seat venue drew enthusiastic responses and appreciation for the selected films. The Bazaar also helped emerging creators pitch their IPs to a global network of buyers and collaborators, generating significant interest and fostering new partnerships. In a major achievement in international collaborations between India and New Zealand, Film India Screen Collective and Screen Canterbury NZ, led by Petrina D'Rozario, announced a collaborative proposal, inspired by WAVES, to launch the first-ever Indian Film Festival in New Zealand. Paving the wave 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 Russia and India. The announcement of the Prime Video and CJ ENM Multi-Year Collaboration was a key highlight of the Bazaar as the strategic partnership was unveiled to distribute premium Korean content globally. With its launch expected in June 2025 with 'Head Over Heels', the deal includes streaming in over 240 countries, featuring 28 subtitle languages and 11 dubbed versions. With its impactful debut, 'WAVES Bazaar' has not only positioned itself as a global hub for creative collaboration but also set the stage for a new era of cross-border storytelling and industry transformation, said the government.
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
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Business Standard
03-05-2025
- Business
- Business Standard
WAVES Bazaar fuels global entertainment ties with ₹800 crore deals
The inaugural edition of WAVES Bazaar, held from May 1 to May 3, 2025, in Mumbai, concluded with resounding success, establishing itself as a premier platform for international business collaboration in the creative industries. Organised under the umbrella of the World Audio Visual and Entertainment Summit (WAVES), the marketplace recorded business transactions exceeding Rs 800 crore across the Film, Music, Radio, VFX, and Animation sectors. With deal-making still underway, the total valuation is projected to surpass Rs 1000 crore in a few days. According to the Ministry of Information and Broadcasting, a key highlight of the Bazaar was the Buyer-Seller Market which witnessed over 3,000 B2B meetings, generating revenue upwards of Rs 500 crore, with additional deals expected to close in the coming days. Curated screenings of films at the 80-seat venue drew enthusiastic responses and appreciation for the selected films. The Bazaar also helped emerging creators pitch their IPs to a global network of buyers and collaborators, generating significant interest and fostering new partnerships. In a major achievement in international collaborations between India and New Zealand, Film India Screen Collective and Screen Canterbury NZ, led by Petrina D'Rozario, announced a collaborative proposal, inspired by WAVES, to launch the first-ever Indian Film Festival in New Zealand, aimed at deepening tourism, cultural exchange and co-production ties between the two countries, the ministry said. Paving the wave 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 Russia and India, it stated. The announcement of the Prime Video and CJ ENM Multi-Year Collaboration was a key highlight of the Bazaar as the strategic partnership was unveiled to distribute premium Korean content globally. With its launch expected in June 2025 with Head Over Heels, the deal includes streaming in over 240 countries, featuring 28 subtitle languages and 11 dubbed versions. The initiative highlights Asia's growing creative presence on global streaming platforms, the ministry stated. Another initiative that added value to the Bazaar was the announcement of the film Devi Chowdhurani, which became India's first official Indo-UK co-production. Backed by the Ministry of I & B, NFDC, FFO, and Invest India, the a pre-teaser of the film was unveiled at the Bazaar. The historical epic, set during the Sanyasi-Fakir rebellion, stars Prosenjit Chatterjee and Srabanti Chatterjee, with music by Pandit Bickram Ghosh, it added. The announcement of the launch of the feature film Violated was another initiative that vindicated the purpose of WAVES Bazaar. A bold psychological thriller, Violated marks the directorial debut of Dimple Dugar. Celebrated for its strong female-led narrative, the film is co-produced by Fusion Flicks from the UK and JVD Films, signalling Dugar's transition from commercial to feature filmmaking. With its impactful debut, WAVES Bazaar has not only positioned itself as a global hub for creative collaboration but also set the stage for a new era of cross-border storytelling and industry transformation.
