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MUMBAI:DQ
Entertainment (DQE) and Japan based Think Corporation have
inked a co-production deal for approximately $ 24 million
(Rs 960 million).
As
per the MoU, the two companies will co-produce three animated
high-end 3D CGI TV series and a direct-to-home Video/Feature
Film.
The
TV series and film will be released from 2009 onwards. The
company says the MoU will enable both the companies to benefit
from global exploitation and distribution of these intellectual
properties.
DQE
Chairman and CEO Tapaas Chakravarti said, “DQE is joining
hands with Think Corporation to co produce three animation
TV series and feature film for the global markets. We are
very impressed with Think’s creative capabilities and
there will be lot of synergies in our working together.”
The
three high-end CGI TV series under consideration are Honeinu
– Kun in the Makkura-Land, Love Rollercoaster and an
untitled preschooler-targeted series. Also under consideration
is the proposal to co-develop and co-produce direct to home
video/feature film Coluboccoro.
Think
Corporation CEO Yuji Mori said, “We are confident our
joint productions will be well received globally. DQ with
their strong production pipeline will compliment our creative
capabilities very nicely.”
Recently,
DQ Entertainment had signed a $25 million (Rs 1 billion) co-production
deal with Percept Pictures. The three animated movies include
two mythologies and a Bollywood masala.
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