MUMBAI: Hyderabad-based DQ Entertainment (DQE) will co-produce with international studios two Bollywood films – an animation feature and a high-end live action movie.

The budget for the animation feature, based on futuristic Indian mythology, is Rs 180 million. DQE will own 50 per cent of the commercial exploitation rights worldwide.

“The two movies, to be co-produced with international studios, are currently under development. The Bollywood animation is a 100-minute feature that has a budget of approximately Rs 180 million,” DQE Group chairman and CEO Tapaas Chakravarti tells Indiantelevision.com.

The live-action feature is a high-end movie which will be released in the third quarter of 2010, Chakravarti adds. He, however, did not disclose the cost of the movie project.