DQ Entertainment, the global entertainment production and distribution group, has announced that it has concluded a number of TV co-production and licensing deals during its second fiscal quarter to 30 September 2013 and at MIPCOM 2013.
The gross value of these co-production and licensing deals between the partners is approximately $37m (INR 2220m), of which approximately $12m (INR 720m) is attributable to DQE and expected to be accrued as revenue over the next fiscal year ending 31 March 2015.
Of this, only around $6m had been previously anticipated by management. This demonstrates the success DQE had in the quarter and at MIPCOM. Details of the co-production and licensing deals are set out below.
YONAGUNI, the children-targeted entertainment brand of SeaWorld Parks & Entertainment has joined with DQ Entertainment and Rollman Entertainment, Burbank, USA to present a new CGI children’s animated comedy adventure series called YONAGUNI, at this year’s MIPCOM. Production on the 52 x 11′ series is expected to commence shortly.
DQE and Method Animation, France will co-produce their first hybrid animation show (combination of CGI and Live Action images) called 7 Dwarfs and Me. A leading French broadcaster has agreed to co-produce the show while AB Group, France will also co-produce the show.
DQE and Method Animation are also co-producing the second season of The New Adventures of Peter Pan after an immensely successful first season of the Peter Pan TV series, which was distributed in over 100 countries and was one of the highest-rated TV series in France, Germany and Italy. The anchor European broadcasters, including France Television, are co-producing as lead broadcast partners for the second season of this highly successful 26 x 22′ 3D animated TV series.
Season 1 of The New Adventures of Peter Pan also aired on other leading networks globally such as DeAgostini Kids-Italy, TeleQuebec-Canada, Noga-Israel and ABC-Australia.
DQE and Method Animation, France are co-producing a 52 x 11′ CGI animated series based on the original book of 5 Children and IT written by Edith Nesbit.
Licensing and distribution of DQE properties has been successful on a global scale and DQE has negotiated several new deals across its portfolio of properties. Discovery Children’s channel has acquired the broadcast rights for the Robin Hood animated series for the Indian sub-continent region; Nick India has acquired the broadcast rights for The Jungle Book season 1 & 2 for the Indian sub-continent; and Sky Italia has acquired the broadcast rights of Peter Pan season 1 for Italy.
The production deals are expected to add to the bottom line of the company from the first quarter of the next fiscal year, while the realisation of the licensing and broadcast revenues is expected to continue through the following quarters. The Company is also currently in advanced discussions for several other production and licensing deals.
