MUMBAI: Deals worth $47.1 million were concluded at the Asia Media Festival. This involved the Asia Television Forum, Asia Film Market Conference and Asia Animation Conference. This marks a 42 per cent gain on last year.

Media reports state that when it was first launched five years ago, the transactions made then was $6.3 million. The Festival, which was hosted by the Media Development Authority (MDA) of Singapore also saw a record 4,700 local and international participants from 49 countries taking part.

There was a 44 per cent jump in terms of the number of Asian companies that took part. Buyers came from countries like India, Bhutan, China, Hong Kong, Sri Lanka, Taiwan, Thailand and Vietnam.
The next edition of the Asia Media Festival takes place from 28-30 November 2007.