DQ Entertainment PLC DQE Partnership Agreement (6837B)

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RNS Number : 6837B

DQ Entertainment PLC

08 October 2015

Immediate Release 8 October 2015

DQ Entertainment PLC

("DQE" or the "Company")

DQ Entertainment and Method Animation partner to co-produce 52x11' CGI TV series "5 & IT"

DQ Entertainment plc, a global entertainment production and distribution company focused on children's and family animation content, announces that it has entered into an agreement with Method Animation to produce the CGI TV series '5 & IT', a modern adaption of the well-known book,"5 Children & It", by Edith Nesbit.

This project is being co-produced with Disney Channel Germany and supported by Noga, Israel. Disney Channel France has pre-acquired the show. This TV series has received interest from broadcasters and licensing agents globally, and it will be available for broadcast by mid-2017.

The series follows the adventures and escapades of five children after they befriend a sand fairy at their uncle's beachfront mansion. The sand fairy, Psammead, offers to grant them one wish each day, but each wish they are granted brings unwanted consequences, the effects of which cannot be reversed until sunset.

Ralf Gerhardt, Executive Programming Director & Deputy General Manager Disney Channels, The Walt Disney Company GSA said "We are very pleased to co-produce the new animated series '5&IT' together with DQE and to deliver creative input. The new series will fit perfectly in the Disney Channel line-up for a young audience and is in line with Disney's rich heritage of creative storytelling, with a new look, and great animation. Our main-character, Psammead, steals the show as a sand fairy with an attitude, and we are certain that audiences will love him."

"We are very proud to enter this new adventure with our historical partner DQ. After Robin Hood and Peter Pan, Method Animation is enchanted to revisit another great classic." said Aton Soumache, CEO of Method Animation.

Tapaas Chakravarti, Chairman and CEO, DQE, said "This 52 episode CGI series will be a fun roller coaster of adventures as the children learn to deal with the consequences of their often irrational wishes. It will have the right mix of sly humour, crazy adventures and fast paced action to entertain young audiences. We are confident that our co-production partners, Method Animation and Disney Channel Germany, as well as Disney Channel France will work together to create a beautiful TV series that will entertain our young audiences globally."

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 Brearley 
Buchanan Communications               Tel: +44 (0)20 
 Mark Edwards/Robbie Ceiriog-Hughes    7466 5000 
 

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October 08, 2015 07:26 ET (11:26 GMT)