DQE signs up Moonscoop, closes financing of Jungle Book series

MUMBAI: Hyderabad-based animation, gaming and entertainment company DQ Entertainment (DQE) has signed up Paris-based Moonscoop as a co-producer, closing the financing of its 3D animated TV series The Jungle Book.

DQE had earlier lined up TF1 Group from France, ZDF Enterprises and ZDF Broadcasting of Germany to fund the ?9.2 million ($12.32 million) project.

Says DQE chairman and CEO Tapaas Chakravarti, ?This alliance with Moonscoop is not only helping to close the budget for our Jungle Book but is also testimony to our promise to produce several TV series and movies together. DQE group now is at rest that this beautiful series will have a boost in its quality and production efficiencies with the combined forces of ZDF Group Germany, Moonscoop-TF1 combine from France, and DQE group.?

The new partnership with Moonscoop, the company says, will capitalise on the strong individual production, global distribution and business networking capabilities of both groups. This relationship is already in place for several other iconic productions for the last few years which include The Fantastic Four, Twisted Whiskers and Todd World. Also in completion now are the Casper animated TV series with TF1, while work on Tara Duncan TV series with M6 has just begun.

DQE is developing and producing the series, adapted from the original writings of Rudyard Kipling with co-production partners.

Says DQE SVP finance and legal affairs Sanjay Chaudhary, ?This co-investment by Moonscoop?TF1 co-production now closes the budget for the series already in production. In view of the current economic climate, this strategy and direct co-production alliance is a decisive step of leveraging tremendous individual strengths of both the groups as has been seen year after year earlier.?

Moonscoop executive chairman Christophe di Sabatino says, ?Jungle Book is an iconic and well-loved property and to be involved in bringing it to television is a real privilege. It?s a fantastic project, with a strong team in place. As with our previous co-productions, Casper, and Tara Duncan, we are confident that the combination of Moonscoop and DQ Entertainment will prove to be a winning formula.?

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