Latest news with #WAVESBazaar2025
The Hindu
03-05-2025
- Entertainment
- The Hindu
Ashwini Vaishnaw flags off global partnerships for upcoming Indian Institute of Creative Technology
The Union Information and Broadcasting (I&B) Ministry on Saturday (May 3, 2025) unveiled the vision for the Indian Institute of Creative Technology (IICT), an upcoming Mumbai-based national centre of excellence dedicated to the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) sector in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI) and Confederation of Indian Industry (CII). On the third day of the WAVES (World Audio Visual and Entertainment) summit, Information and Broadcasting Minister Ashwini Vaishnaw flagged off the institute's partnerships and long-term collaborations with global industry leaders, including JioStar, Adobe, Google and YouTube, Meta, Wacom, Microsoft, and Nvidia. These companies have agreed to provide support to the IICT in curriculum development, internships, scholarships, start-up funding, and job placements, Mr. Vaishnaw said. Representatives from IICT signed several Letters of Intent at the event, including with Jiostar, Adobe, Google, YouTube, and Meta. Speaking on the occasion, Mr. Vaishnaw said the IICT was on track to evolve into a premier institution in its field, on the lines of the Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs). 'We have started an initiative which is completely novel in the world of film and entertainment. This [initiative] follows the vision of our Prime Minister that India can take the global lead in the world in the media and entertainment sector,' he said. Industry leaders present on the occasion included Richard Kerris of Nvidia, Sanjog Gupta of JioStar, Mala Sharma of Adobe, Preeti Lobana of Google India, Rajiv Malik of Wacom, Sandeep Bandivdekar of Microsoft, and Sunil Abraham of Meta. Also present were members of the IICT's Board, and Governing Council, including Ashish Kulkarni, Biren Ghosh, Manvendra Shukul, Munjal Shroff, Chaitanya Chinchlikar, and Subhash Sapru. Union Minister of State for I&B L. Murugan, I&B Secretary Sanjay Jaju, and Press Information Bureau Principal Director General Dhirendra Ojha attended the event too. Meanwhile, WAVES Bazaar 2025 garnered deals worth over ₹250 crore, a figure that is projected to cross ₹400 crore by the end of the summit on Sunday. In its inaugural edition, WAVES Bazaar brought together leading AVGC-XR players from over 22 countries, including South Korea, Japan, the U.S., Germany, Russia, the Netherlands, and New Zealand. WAVES Bazaar witnessed participation from 95 global buyers and 224 sellers. Key buyers included Netflix, Amazon Prime Video, Meta, Disney Star, Zee Entertainment, Banijay Asia, Warner Bros. Discovery, SonyLIV, Yash Raj Films, Dharma Productions, Jio Studios, Rotterdam Film Festival, and Rushlake Media. In all, 115 filmmakers presented their completed works to international buyers and 15 projects were picked up as top selections. Of the 104 project submissions, 16 curated projects were selected to be pitched live, offering early-stage creators a platform to engage directly with industry stakeholders. On Friday, winners of 32 creative contests under the 'Create in India' programme were announced. Over 750 finalists from more than 60 countries converged at the event. The programme also saw participation from over than 1,100 international candidates. Mr. Vaishnaw and Mr. Murugan congratulated the young creators on their achievements.
Business Standard
22-04-2025
- Business
- Business Standard
Ebix Travels named Official Travel Partner for WAVES Bazaar 2025
Eraaya Lifespaces announced that its subsidiary, Ebix Travels a leading global provider of comprehensive travel solutions has been appointed the Official Travel Partner for WAVES Bazaar 2025. This marks a significant milestone for Ebix Travels and further solidifies its leadership position within the travel industry. World Audio Visual & Entertainment Summit [WAVES Bazaar, 2025] is a prestigious global initiative, spearheaded by the Government of India, scheduled in Mumbai from May 14, 2025, serves as a premier global marketplace for the Media and Entertainment (M&E) industry. WAVES Bazaar, 2025 has been conceptualized in collaboration with FICCI Frames Content Marketplace, the event aims to catalyse international cooperation, unlock co-production opportunities, and stimulate meaningful business exchanges. Among its many highlights, the summit will feature a structured Buyer-Seller segment, offering direct engagement among producers, studios, broadcasters, and leading streaming platforms. As the Official Travel Partner, Ebix Travels will be responsible for delivering comprehensive travel and hospitality solutions for both domestic and international delegates. Leveraging its global footprint and advanced, tech-enabled infrastructure, Ebix Travels is dedicated to ensure a seamless, efficient, and enriching travel experience that aligns with the global ambitions and stature of WAVES Bazaar 2025.
