DQ Entertainment PLC DQ Entertainment concludes new deals at Cannes (3321G)

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RNS Number : 3321G

DQ Entertainment PLC

06 May 2014

 
 06 May 2014 
 

DQ Entertainment plc

("DQ Entertainment" or "DQE")

DQ Entertainment concludes new deals at Cannes, MIPTV '14

DQ Entertainment plc (AIM:DQE), the global entertainment, production and distribution group is pleased to announce that it has concluded a number of TV co-production and licensing deals at MIPTV - the world's annual entertainment and content market conference - held in April 2014.

The gross value of the co-production and licensing deals agreed is approximately US$48m (INR 2880m), of which circa US$12.8m (INR 768m) is revenue expected to be accrued to DQE over the current fiscal year and the next, subject to milestones.

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.

In particular, a co-production agreement for the second season of Peter Pan was 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$9.9m.

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$10m, has been signed and DQE expects to conclude several more projects in the near future through this partnership with Rollman Entertainment.

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.

Tapaas Chakravarti CEO of DQ Entertainment said "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"

For further information, please contact:

 
  DQ Entertainment plc                  Tel: [phone] 
   Tapaas Chakravarti - Chairman         53726 
   and CEO 
   Rashida Adenwala - Director Finance 
   & Investor Relations 
 Allenby Capital Limited - AIM           Tel: +44(0) 20 
  Nominated Adviser & Broker              3328 5656 
  Jeremy Porter / Alex Price 
 Buchanan                                Tel: +44 (0)20 
  Mark Edwards/Clare Akhurst              7466 5000 
  www.buchanan.uk.com 
 

ABOUT DQ ENTERTAINMENT:

DQE is a publicly listed leading global entertainment group with its production and distribution bases in Ireland, India, France, Manila and US, specializing in animation, gaming and VFX content production, licensing and distribution.

DQE employs a large creative and production talent pool which has produced major intellectual properties such as The Jungle Book, Charlie Chaplin, Peter Pan, Iron Man, Casper, Little Prince, Lassie, Robin Hood and other properties, in partnership with international broadcasters, distributors and independent producers in Europe & USA. Season 1 of The Jungle Book has been broadcast in over 190 countries.

The company's global client - partner base consists of producers, distributors, broadcasters and licensors including Walt Disney Group, Universal Pictures, Nickelodeon Animation Studios Inc., Marvel, BBC Group, M6/ France TV Group / TF-1 , ZDF TV and ZDFE Germany , ABC Australia, Turner Group and many more world-wide. DQE is multiple Emmy nominated and Emmy winner producer and also won 'International Studio of the year 2012" at Cartoons on the bay, Italy.

This information is provided by RNS

The company news service from the London Stock Exchange

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