MUMBAI: Compact Disc India Ltd (CDI) has transferred the IP rights of animated character `Joker' to Singapore-based Golden Games for $1.65 million (Rs 71 million).

The total payment towards the purchase of IP rights will be used for developing and publishing on-line mobile, PC and console games in near future, said a statement issued by CDI.

The Chandigarh-based media and entertainment company expects to generate additional revenue of Rs 200 million by selling IP rights for the games during the 2008-2009 fiscal.

The company is finalising another deal with Eros International for animated character Zampano from movie title Friends Forever, CDI chairman Suresh Kumar tells Indiantelevision.com.

CDI is currently working on 2D and 3D animation outsourcing projects worth $65.8 million. “We are in the production of two animated films," adds Kumar.