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MUMBAI:
Animation and gaming content production company DQ Entertainment
(DQE) has acquired a 20 per cent stake in French company Method
Films SA for an undisclosed amount.
The
acquisition is part of DQE's strategy to invest in co-production
to obtain larger percentages of the global intellectual property
and distribution rights in its productions.
DQE
chairman and CEO Tapaas Chakravarti said, "Our acquiring
stake in Method Films is the logical next step to reinforce
our long and successful relationship and help create one of
the strongest global animation partnerships. This acquisition
will allow DQE greater access to global IPR funding and co-productions
and logical larger percentages of the global IP and distribution
rights besides the service revenues."
Method
Films and DQ Entertainment have already co-produced a number
of productions together, including Skyland. They have also
produced and are co-producing several other properties such
as Les Gnouffs, Jet groove, Iron man, Mikido and Pinky &
Perky.
Method
Films chairman Aton Soumache said, "We are glad to open
new perspectives to this long term relationship with DQ Entertainment.
DQ Entertainment is a talented large production company to
which we owe a lot, and it will be a central key to the future
developments of our company, not only for animation productions
for various platforms but for video games also. I do strongly
believe in the vast business opportunities available with
this French-Indian relationship for the future."
Method
Films is an animation concept and content creation company,
which produces content for a number of international broadcasters
such as Nickelodeon, BBC, ITV, France2, France 3, and ABC
Australia.
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