WAVES 2025: Government unveils $1 billion fund to support the creators' economy.

In the run up to the World Audio-Visual and Entertainment Summit (WAVES) 2025, the government will create a one billion dollars fund for the creators' economy, Union Minister for Information and Broadcasting Ashwini Vaishnaw revealed on Thursday.

The four-day long summit to be held in Mumbai from May 1 is expected to provide a pedestal for the creators' community to create premium content. Vaishnaw made this announcement during a high-level session held at Sushma Swaraj Bhawan to discuss with the international delegates in the build up to WAVES 2025.

"The meeting of the creativity, media, and technology is revolutionizing the world's media market and defining new forms of convergence," Vaishnaw stated.

In the same vein, the Union Minister for External Affairs Dr. S. Jaishankar pointed out that WAVES will be a perfect venue for the stakeholders in the media and entertainment industry to engage, share ideas, and come up with solutions to the various challenges facing the industry. He assured that the event would draw participants, including industry leaders, regulators, regulators, and innovators to discuss, form solutions, and address issues that are likely to define the future of the sector.

The first of its kind, WAVES 2025 is set to host global leaders, media practitioners, artists, policy makers, and other industry players. This digital age has its advantages and disadvantages and some of the issues that are likely to be raised include AI, streaming, IP, misinformation and sustainability of the media.
As the first of its kind, WAVES looks to resolve these issues while also celebrating cultural diversity, innovation, and the access to media platforms.

During the event, the Ministry of Information and Broadcasting also entered into a Memorandum of Understanding with the Government of Maharashtra to enhance cooperation in media, entertainment and digital outreach.