MUMBAI: Hyderabad-based DQ Entertainment has signed two equity and distribution co-production agreements for its 3D TV series The Jungle Book and The New Adventures of Peter Pan, a 3D stereoscopic TV seies, with PT MetropolitanTelevision (B-Channel), Indonesia.
DQE concluded both the contracts with B Channel during the recent visit of DQE CMD and CEO Tapas Chakravarti to Jakarta. The channel confirmed participation as an equity and distribution co-producer for the first season of the under-production Jungle Book TV series and The New Adventures of Peter Pan under the terms of the agreement.
B Channel will contribute towards the global budget of Euro 10 million for the 52 x 11’ TV series of the Jungle Book as well as towards the global budget of Euro 10 million for 26×22’ minutes of The New Adventures of Peter Pan.
The Indonesian channel has been granted the rights for free TV/free VOD/IPTV & home video distribution for that country. The channel will be entitled to a royalty against DQE’s distribution revenues for their equity participation.
Says DQE CEO and Chairman Tapas Chakravarti, “ Our strategy of producing and distributing iconic content has received further validation and financial backing through B Channel’s commitment to both Jungle Book and Peter Pan. The Indonesian market is one of the fastest growing consumers of animated content and merchandising in the Asean region and B channel’s reach is unparralled.”
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