The I&B Wave Bazaar enters the second phase with AI matchmaking to boost India’s creative economy.
Waves Bazaar Latest News
I&B Ministry has commenced the second phase of Wave Bazaarshowcasing AI matchmaking, online pitching and safe viewing rooms to empower Indian content creators and boost global outreach.
introduction
The Indian media and entertainment industry is undergoing rapid transformation driven by digitalization, global collaboration and the growth power of independent creators.
To strengthen this momentum, the Ministry of Information and Broadcasting (I&B) was launched Wave Bazaar In January 2025, it was a hybrid content marketplace.
Currently, the portal is entered Phase 2,introduction Online pitching sessions, secure viewing rooms, AI-based matchmaking tools To empower content creators and make India a global content hub.
About Waves Bazaar
Waves Bazaar is a Government-supported initiatives Connect creators, investors, production houses, OTT platforms, distributors and investors on one digital platform.
It was designed as a Networking and Marketplace Hub Covers movies, TV, animation, games, music, advertising, sound design, radio and podcasts.
The platform already has:
Onboarding Over 6,000 creators and sellersand 5,500 buyers and businesses.
It’s enabled Over 2,000 projects I’m going to a live show.
It will be generated Rs. Business leads 1,300 crore During the first summit in Mumbai.
Promotion Rs. 100 trillion investment debate Via Toronto and Melbourne editions.
Attracted buyers and delegations Over 40 countries.
Important features of the second phase
Online Pitching and Viewing Room
New creators can Pitch projects directly to investors, OTT platforms and producers.
A safe viewing room It allows content buyers to preview their projects safely, providing greater trust and transparency.
AI-led matchmaking
The portal will be utilized Recommended AI-based systems Connect creators with the right financial, distributor, or producer.
It’s automated Building profiles, project profiling, improving pitch decks Guide creators to improve vision.
Knowledge and skill development
a Knowledge hub with webinars and master classes Industry experts provide guidance.
AI provides suggestions to improve creators’ project portfolios and scoring systems to help buyers make informed decisions.
Global outreach and co-production opportunities
Waves Bazaar expands its reach International events and delegationsincreasing the exposure of Indian creators.
Initiatives will be strengthened Joint Production Treaty Other countries will ensure broader market access.
Important to India’s creative economy
The second phase of Waves Bazaar is designed as follows:
Democratize content creation By ensuring small, independent creators have access to the same opportunities as established players.
Enhance India’s position as a global content hubwith stronger participation in international festivals and co-productions.
Diversification beyond film For music, games, animation, and short content.
Attract investment Build sustainable collaboration for long-term growth.
Ministry of I&B assumes waves as a Flagship Initiatives in India’s Digital Cultural Economyin line with the government’s broader goal of strengthening the country’s soft power and creative exports.
Issues and future outlook
The initiative has generated strong momentum, but its success depends on:
Ensures robustness Data Security and Intellectual Property Protection View the guest room.
Increased access Local creators There is often a shortage of digital infrastructure.
Maintain International Partnership Beyond the initial events.
Waves Bazaar may be in the future Centralized Gateway for Creative Exports in Indianot only provides visibility, but also monetization, mentorship and global collaboration.
sauce: That is
Waves Bazaar FAQ
Q1. What is Waves Bazaar?+
Q2. What new features are being introduced in the second phase?+
Q3. How does Waves Bazaar support India’s creative economy?+
Q4. What global initiatives are linked to Waves Bazaar?+
Q5. How many creators and buyers are there currently on the platform?+
tag: Main ArticleUPSCCurrent AffairsUPSCMainCurrent AffairsBazaar
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