DQ Entertainment (International) Limited, a Hyderabad-based animation, game art and entertainment company, has singed several new production, distribution and licensing agreements at the recently concluded MIPCOM, the world market for TV & Media, at Cannes.
"The company estimates that approximately $6m revenue will be generated over the next 2 years from these various agreements," the company said in a press release today.
At MIPCOM, DQ has entered a production agreement with France-based Method Animation to co-produce the third season of 'The Little Prince', the animated 3D TV series with an approximate budget of $9.1 million; and with California-based Foothill for development, co-production and distribution of animated buddy comedy ‘Raz & Benny’ with a global production budget of $7 million.
Along with, the company has entered several other licensing, distribution and co-production deals with Indonesia-based Global TV, Thailand-based Workpoint Entertainment Public Company, Turkey-based ATV Turkey, Cheers Media and Aljazeera’s kids channel JCCTV for its animated properties.
The properties include Galactick Football, The New Adventures of Lassie & Friends, Robin Hood–Mischief in Sherwood, Tara Duncan, Iron Man Season 2, The New Adventures of Peter Pan and Charlie Chaplin.
"We have concluded several new agreements and generated leads for new business in the future. We are delighted with the support of our long standing partners Method Animation France, ATV Turkey and JCCTV Middle East for their continued support of our properties," Tapaas Chakravarti, chairman and chief executive officer of DQE, said.
The company's scrip is currently trading at Rs 22.70 on BSE,up 0.22 % over the previous close of Rs 22.65.