DQE signs co-production and licensing deals worth US$48 million at MIPTV

MUMBAI: DQ Entertainment International has concluded a number of TV co-production and licensing deals at MIPTV held in April 2014.

“The gross value of the co-production and licensing deals agreed is approximately US$48 million (Rs 2880 million), of which circa US$12.8 million (Rs 768 million) is revenue expected to be accrued to DQE over the current fiscal year and the next, subject to milestones,” said DQE in a statement published in BSE.

Various TV co-production/service production and licensing and distribution deals were concluded for DQE properties such as: The Jungle Book season 2, The Jungle Book Christmas special, The Jungle Book Safari, Peter Pan season 2, Robin Hood, Lanfeust Quest, Project-Popp and others. “Overall MIPTV '14 was hugely successful for DQ Entertainment with a large number of deals concluded by the licensing and distribution team for television, home video, VOD, SVOD, music publishing and promotional merchandise,” the statement added.

In particular, a co-production agreement for the second season of Peter Pan has been announced between DQE, ZDF TV Germany, Tele Quebec Canada, DeA Kids, Italy and France Television in partnership with Method animation with a gross budget of US$9.9 million.

DQE's strategic alliance with Rollman Entertainment USA, signed last year for the co-production, distribution, licensing and merchandising of animated and live action TV series and new media content, has been very productive for the company. Two seasons of the animated TV series NFL Rush Zone and a first season of Iseodo were executed and successfully delivered under this alliance in the last fiscal period. “Additionally, a contract for the co-production of Yonaguni, the CGI TV series with a global budget of US$10 million, has been signed and DQE expects to conclude several more projects in the near future through this partnership with Rollman Entertainment,” the statement said.

7 Dwarfs and Me, due to go into production next month, co-produced by DQE and Method Animation, has signed broadcasting agreements with France Television, ZDF TV Germany and RAI TV Italy. DQE will also be producing a high quality CGI animated TV series, with Zagtoons, USA, tentatively named The POPPS which is expected to go into production by June this year.

DQ Entertainment CEO Tapaas Chakravarti said in a statement, "Response to our productions from global broadcasters has been very encouraging this MIPTV. Several strategic licensing agreements have been concluded and there are several others in the pipeline."

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