Inaugural ‘WAVES Bazaar’ to see deals worth Rs 1,000 crore

Mumbai: ]The inaugural edition of ‘WAVES Bazaar’ was likely to see business transactions worth over Rs1,000 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 Rs800 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 Rs500 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.