India to host first global summit for media and entertainment sector in November
The Hindu
India will host the first World Audio Visual and Entertainment Summit in November alongside the International Film Festival of India in Goa, with I&B Minister Ashwini Vaishnaw promising to strengthen the ecosystem for the protection of intellectual property rights in the media and entertainment sector.
India will host the first World Audio Visual and Entertainment Summit in November alongside the International Film Festival of India in Goa, with I&B Minister Ashwini Vaishnaw promising to strengthen the ecosystem for the protection of intellectual property rights in the media and entertainment sector.
Mr. Vaishnaw and Goa Chief Minister Pramod Sawant on July 13 made the announcement of the first World Audio Visual and Entertainment Summit (WAVES) in Goa from November 20-24 and described it as a visionary initiative by Prime Minister Narendra Modi as India seeks to make a mark in the media and entertainment sector.
“IP rights hold huge value in the media and entertainment sector. We will be strengthening the ecosystem for protecting IP rights,” Mr. Vaishnaw, the Information and Broadcasting Minister, said in his address at the curtain raiser event for WAVES.
Mr. Vaishnaw said the government was also exploring ways to make available low-cost funds to the media and entertainment sector with learnings from the venture capital model.
“The media and entertainment (M&E) world is undergoing a structural change and has seen immense technology infusion. This has opened many opportunities, but also caused concerns among few participants who have not been able to keep up with the change,” he said.
Mr. Vaishnaw said the role of public policy was to enable the harnessing of the best out of this structural change. He said the government was committed to supporting the entire ecosystem of media and entertainment in coping with this change.
The Minister said that the government's focus was on creating employment in the media and entertainment sector and augmenting the talent pipeline.
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