DQE inks agreements worth $6 mn at Mipcom

MUMBAI: DQ Entertainment (DQE) said it has signed production, distribution and licensing agreements that would generate $6 million of revenue for the Hyderabad-based animation company at the recently concluded Mipcom, the world?s leading entertainment content market.

According to DQE, the revenues will be generated over the next two years from the eight agreements which includes two production agreements and five licensing, distribution, and co-production agreements.

DQE Chairman and CEO Tapaas Chakravarti commented, "Mipcom 2012, the hugely popular TV content market, has once again proven to be very successful for DQE. We have concluded several new agreements and also 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."

Production agreements:

1. "Raz & Benny" with Foothill - Europe DQE and Foothill Europe have agreed to develop, co-produce and distribute the animated buddy comedy, Raz & Benny with a global production budget of approximately $7 million. The agreement also covers the exploitation of the ancillary rights such as merchandising.

2. "Little Prince" season 3 with Method Animation - France DQE and Method Animation, France will co-produce the third season of the highly successful animated 3D TV series "The Little Prince" with a budget of approximately $9.1 million.

Licensing, distribution and co-production agreements:

1. Global TV, Indonesia acquired multiple properties from DQE for free TV broadcast in Indonesia. The properties include Galactick Football, The New Adventures of Lassie & Friends, Robin Hood-Mischief in Sherwood, Tara Duncan and Feluda TV series and its 60 minute TV feature.

2. JCCTV, Al Jazeera?s kids channel acquired the broadcast rights of 4 properties from DQE. JCCTV will soon start broadcasting The New Adventures of Lassie & Friends, 5 & IT, The New Adventures of Peter Pan and Charlie Chaplin across 22 Arabic nations.

3. Workpoint Entertainment Public Company, Thailand has signed a broadcast agreement for Thailand for the following DQE properties: The New Adventures of Lassie & Friends, Robin Hood-Mischief in Sherwood, Iron Man Season 2, The New Adventures of Peter Pan and Charlie Chaplin.

4. Cheers Media has acquired the Home Video distribution rights of Charlie Chaplin for Vietnam.

5. ATV Turkey has signed a co-production agreement for the 52 x 11? new 3D animated TV series Robin Hood-Mischief In Sherwood, being co-produced by DQE with Method Animation, France. ATV will have exclusive free TV, pay TV, VOD, pay per view, Web TV, IPTV, Home Video rights, merchandising, licensing and publishing rights for Turkey.