Pablo Picasso once said that everything you imagine is real. Now, that is you having an idea, whose concept is as old as creation. Without an idea, nothing can ever happen because an idea transcends into creativity, which is the foundation of the entertainment industry. Ideas are critical and valuable piece to the overall innovation equation because the desire to create is one of the deepest yearnings of the human soul. This creativity further develops to inventing, experimenting, growing, taking risks, breaking rules, making mistakes and having fun. And in our world of organized scheme of events, these are now afforded statutory protection as intellectual property rights.

Thus while copyright protects originality more so as it has been reduced into tangible medium of expression like movies, photos, books, etc.; patent protects inventions; trademarks protect brands and trade secrets protect valuable information such as business plans, etc.; Ideas are not afforded…