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Current Affairs-Topics
India's WAVES Summit: Shaping Global Media & Entertainment
The World Audio Visual & Entertainment Summit (WAVES) is set to take place in Goa, India, from November 20-24, 2024. The summit aims to boost the media and entertainment sector, foster dialogue, innovation, and trade partnerships. |
WAVES Summit Overview
- World Audio Visual & Entertainment Summit (WAVES) to be held in Goa, India
- Dates: November 20-24, 2024
- Organized by the Indian government to boost media and entertainment sector
- First global summit covering entire media and entertainment spectrum
- Aims to foster dialogue, innovation, and trade partnerships
- Will run alongside the International Film Festival of India (IFFI)
Key Objectives and Focus Areas
- Position India as a global powerhouse in media and entertainment
- Create a platform for industry leaders, stakeholders, and innovators
- Explore opportunities and tackle challenges in the evolving M&E landscape
- Attract investment and promote India as a content creation hub
- Special focus on Animation, Visual Effects, Gaming, and Comics (AVGC) sectors
- Encourage high-quality content creation and protect IP rights
- Promote skill development and sustainable growth in the industry
Government Initiatives and Support
- Union Minister Ashwini Vaishnaw announced the event, emphasizing structural changes in M&E
- Focus on creating employment and augmenting talent pipeline
- Commitment to support the entire M&E ecosystem in adapting to technological changes
- Plans to establish Goa as a major hub for creativity and talent
- Strict actions against piracy to protect content creators
- Support for the growing gaming industry
- Collaboration between M&E industry, financial sector, and technology sector
Event Features and Activities
- CEO Roundtable with representatives from 60+ organizations across various M&E sectors
- Launch of WAVES 2024 website and brochure
- "Create in India Challenge – Season 1" to be held before the main event
- Prasar Bharati's "Battle of the Bands" and "Symphony of India" competitions
- Discussions on technological advancements like 8K resolution, virtual reality, and AI in content creation
- Focus on sustainable production and global market strategies
- Networking opportunities for emerging talent and industry veterans
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