WaveX has launched seven new incubation centres focused on supporting media and AVGC-XR startups, according to bestmediainfo.com. The initiative aims to nurture early-stage companies in India's animation, VFX, gaming, comics, and XR sectors. Details on the locations, support offerings, and selection criteria for startups were not disclosed in the announcement. This expansion reflects continued investment in India's growing creative technology ecosystem.
via bestmediainfo.com
Storyboard18 reports that the animation, VFX, gaming, comics and XR industry has backed Maharashtra's new AVGC-XR policy initiative. The policy aims to attract ₹50,000 crore in investments whilst generating 2 lakh jobs within the sector. The announcement reflects growing support from industry stakeholders for the state's commitment to developing its creative technology ecosystem and positioning Maharashtra as a hub for digital content production.
via Storyboard18
BestMediaInfo reports that India's non-real-money gaming sector is set to expand following the RMG ban, according to a Lightbox report. The analysis suggests regulatory changes are creating opportunities for growth in casual gaming, skill-based games, and other non-RMG segments, as developers and studios pivot strategies to capitalise on the evolving policy landscape.
via bestmediainfo.com
Fortune India reports that India's gaming sector is poised for expansion in the wake of real-money gaming (RMG) bans. The country has 420 million gamers with an average revenue per user (ARPU) of just $3, indicating significant monetisation potential. The publication suggests regulatory clarity from RMG restrictions could redirect player engagement and investment towards skill-based and casual gaming segments, strengthening India's broader gaming ecosystem development.
via Fortune India
The Press Information Bureau reports that Minister of State for Information and Broadcasting Dr. L. Murugan has concluded a visit to South Korea focused on deepening bilateral cooperation in media, entertainment, gaming, and digital innovation. The visit underscores India's efforts to strengthen international partnerships within the AVGC-XR sectors, potentially opening avenues for collaboration, knowledge exchange, and co-production opportunities between Indian and South Korean industry stakeholders.
via PIB