MUMBAI: Crest Animation Studios has entered into the DVD space, bagging three contracts worth $4 million.

Being focused on animation content for television series, the company is moving up the value chain with plans to have a presence in the feature film and burgeoning DVD market.

Last week, Crest signed a $2 million outsourcing deal with an international company. The other two projects, worth $ one million each, are in the last stages of delivery.

"Crest is getting into DVD contracts. Recently, we signed a $2 million outsourcing contract. In the other two deals, we are in the production delivery stage," Crest Animation Studios chief executive officer AK Madhavan tells Indiantelevision.com.

He, however, did not disclose the names of the companies for which Crest would be doing the animation content.

The company is having contracts on gaming and is also working on the final lap of a feature film deal, Madhavan adds.