Hyderabad, and Paris, (ANTARA News/PRNewswire-AsiaNet) - DQ Entertainment International (DQE), the AIM listed India based animation entertainment company, and MoonScoop Group, Europe's leading management and entertainment company engaged in the production, distribution, licensing, merchandising, marketing and distribution of animated creations, today announces that they have entered into a 5 year alliance.
The alliance will capitalise on the individual business networks and production expertise of both groups, and provide global operational leverage.
Key points
- Alliance between leading animation and entertainment companies in India and Europe
- To co -produce at least 5 TV series and 2 feature films costing $100m+
- To release 1 TV series or film every year until 2012
- Talks initiated on current joint project Casper's Scare School. Also worked together on The Fantastic Four
- The partnership will also focus on new media business development
In the new partnership, DQE and MoonScoop aim to co-produce at least five TV series and two feature films (animated and/or live action) for worldwide distribution, with estimated global costs of over $100 million. They expect to release at least one TV series or film each year of the agreement, which runs through 2012.
One or more of the co-productions may feature Indian mythology and characters which are becoming increasingly popular with audiences worldwide. Finally, the companies will also focus on new media business development, following in the footsteps of MoonScoop's successful launches of the kid-oriented VOD and Broadband channels Kabillion (in the US) and Taffy Kids (in Europe).
The new strategic partnership was initially discussed as MoonScoop and DQE began working together on the new animated TV series "Casper's Scare School," scheduled for 2009 and co-produced with Classic Media. The two companies also worked together successfully on "The Fantastic Four" animated series based on the famous superheroes from Marvel.
The MoonScoop Group's Mike Young Productions, based in the US and Wales also has a rich history with DQE, working together on the hit animated series "ToddWorld" and the upcoming "Twisted Whiskers," a co-production with American Greetings.
Tapaas Chakravarti Chairman & CEO of DQE Group said "This is an exciting strategic and functional partnership. There are compelling synergies in working together and we will jointly produce world class television productions and feature films, including those with Indian Mythology and stories. I am extremely pleased to extend our relationship with Moonscoop Group, one of the largest in this domain, to the next level of association."
"DQ Entertainment is one of the fastest-growing and most-respected animation studios in the world and this strategic agreement will allow each of us to nurture our upcoming projects to ensure their success in today's highly competitive marketplace," explains Christophe di Sabatino, co-Executive Chairman of The MoonScoop Group. "We look forward to working with them on a variety of projects."
About DQE: visit http://www.dqentertainment.com
About MoonScoop Group: visit http://www.moonscoop.com
Source: DQ Entertainment
The alliance will capitalise on the individual business networks and production expertise of both groups, and provide global operational leverage.
Key points
- Alliance between leading animation and entertainment companies in India and Europe
- To co -produce at least 5 TV series and 2 feature films costing $100m+
- To release 1 TV series or film every year until 2012
- Talks initiated on current joint project Casper's Scare School. Also worked together on The Fantastic Four
- The partnership will also focus on new media business development
In the new partnership, DQE and MoonScoop aim to co-produce at least five TV series and two feature films (animated and/or live action) for worldwide distribution, with estimated global costs of over $100 million. They expect to release at least one TV series or film each year of the agreement, which runs through 2012.
One or more of the co-productions may feature Indian mythology and characters which are becoming increasingly popular with audiences worldwide. Finally, the companies will also focus on new media business development, following in the footsteps of MoonScoop's successful launches of the kid-oriented VOD and Broadband channels Kabillion (in the US) and Taffy Kids (in Europe).
The new strategic partnership was initially discussed as MoonScoop and DQE began working together on the new animated TV series "Casper's Scare School," scheduled for 2009 and co-produced with Classic Media. The two companies also worked together successfully on "The Fantastic Four" animated series based on the famous superheroes from Marvel.
The MoonScoop Group's Mike Young Productions, based in the US and Wales also has a rich history with DQE, working together on the hit animated series "ToddWorld" and the upcoming "Twisted Whiskers," a co-production with American Greetings.
Tapaas Chakravarti Chairman & CEO of DQE Group said "This is an exciting strategic and functional partnership. There are compelling synergies in working together and we will jointly produce world class television productions and feature films, including those with Indian Mythology and stories. I am extremely pleased to extend our relationship with Moonscoop Group, one of the largest in this domain, to the next level of association."
"DQ Entertainment is one of the fastest-growing and most-respected animation studios in the world and this strategic agreement will allow each of us to nurture our upcoming projects to ensure their success in today's highly competitive marketplace," explains Christophe di Sabatino, co-Executive Chairman of The MoonScoop Group. "We look forward to working with them on a variety of projects."
About DQE: visit http://www.dqentertainment.com
About MoonScoop Group: visit http://www.moonscoop.com
Source: DQ Entertainment
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