| * CDI to co-produce GoaaaaaL! with a Hollywood Production Company |
| * 3D animation film featuring renowned soccer player Ronaldo |
| * Ronaldo, Ben Kingsley & Catherine Zeta Jones to lend their voices to the film |
| Mumbai, 23 May 2007: Compact Disc India Ltd (CDI), India's leading integrated media and Entertainment Company, has signed a record deal worth US $ 20.15 million with Canyon Films; a Los Angles based Hollywood Production Company. With the forging of this deal, CDI will co-produce a 90 minute, 3D Animation film called GoaaaaaL!, based on soccer and featuring the most popular Brazilian soccer sport star, Ronaldo. |
| As part of this covenant, CDI will produce the animation content for Canyon Films over a one year period, from their state-of-the art studio in Chennai. Written by renowned Hollywood writer, M.Guerrier, the film is expected to release world-wide during the 2009 FIFA Confederations Cup. |
| GoaaaaaL! Centered on soccer superstar Ronaldo is a story about the aspirations of a young girl who dreams to become a soccer world champion and how her determination and hard work leads her to the fulfillment of her dream. Unlike other animation movies, GoaaaaaL! Will feature real life sports personalities and celebrities and will create animated versions of them, in an endeavour to make the movie more interesting and lively for the audience. Academy Award winning actor, Ben Kingsley, Catherine Zeta Jones, Michael Douglas, Samuel L.Jackson, Christina Aguilera to name a few will lend their voices to the film. |
| Commenting on the project, Mr. Suresh Kumar, Chairman, CDIL, said that "This is a significant milestone for CDI and an important feat for the Indian Animation industry. This partnership with Canyon Films reflects confidence in CDI's ability to co-produce an animated film worth US $ 20.15 million, with superior quality using state-of-the art technology. CDI is the largest animation outsourcing company in South Asia and this synergy with Canyon Films will help maximize our growing business opportunities." |
| GoaaaaaL!, a first of its kind animated film on soccer, is expected to garner high revenues for the company as it is based on popular multi-cultural sport soccer and would thus appeal to an international audience comprising of both children and adults. The film is also expected to achieve revenues through film merchandising in terms of soccer balls, t-shirts, energy drinks etc. |
| About Indian Animation Industry: Indian Animation is creating an identity for itself today in the global marketplace. According to an independent trade survey conducted recently, the Indian animation industry, which is now pegged at $550 million, is expected to grow at 30% annually in the next couple of years and reach a level of $15 billion by 2010. |
| India has the world's largest entertainment industry, a robust software industry and also skilled manpower, all essential ingredients for the growth of Animation industry. Thus emerging as a new destination for the international animation and special effects industry. |
| About CDI: Apart from GoaaaaaL!, CDI is currently working on 2D and 3D animation outsourcing projects worth US $40 million from major international clients. Some of these projects include Parallel Universe, a six episode television series, funded by the Malaysian Debt Ventures Bhd, based on a story line about another world beyond our universe. CDIL is also jointly producing an international animation film project called 'Hustle Bustle' with Interactive Creative Media Pte. Ltd, Singapore for US $ 12.45 million. |
| Incorporated in 1992 Compact Disc India Ltd. (CDI) is one of the largest animation outsourcing company in South Asia. With a vision to 'redefine entertainment' CDI has pioneered the concept of animation outsourcing in India by producing animation films in both traditional and digital formats adhering to the most stringent and challenging quality norms. |
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