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RNS Number : 1480R
DQ Entertainment PLC
23 October 2013
For immediate release 23 October 2013
DQ Entertainment plc
("DQ Entertainment", "DQE" or the "Company")
DQ Entertainment concludes new contracts in Q2 and from MIPCOM
2013, Cannes
DQ Entertainment, the global entertainment production and
distribution group, announces 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, Cannes - the world's
annual entertainment and content market conference - held earlier
this month. 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 and therefore demonstrates the success
DQE had in the quarter and at MIPCOM. Details of the co-production
and licensing deals are set out below.
Production Deals
The following new production contracts are expected to enter
production shortly, for delivery in 2015.
1. 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. The series will consist of 52 x 11' episodes and production
is expected to commence shortly.
2. 7 Dwarfs and Me:
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.
3. The New Adventures of Peter Pan 2:
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 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, ABC-Australia,
Turner-Asia, RAI TV -Italy, ATV-Turkey, EBS-Korea, JCCTV-Arabic
Nations, Work Point - Thailand, TIGA-Thailand and SKY TV -
Italia.
4. 5 Children and It:
DQE and Method Animation, France are co-producing this CGI
animated series based on the original book of "5 Children and IT"
written by Edith Nesbit consisting of 52 episodes of 11 minutes
each.
Licensing Deals
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 as follows:
1. Discovery Children's channel acquired the broadcast rights
for Robin Hood animated series for the Indian sub-continent
region.
2. Nick India acquired the broadcast rights for The Jungle Book
season 1 & 2 for the Indian Sub-Continent.
3. Nick India has acquired the broadcast rights for Suraj, The
Rising Star and Galactic Football for Indian Sub-Continent.
4. Sky Italia acquired the broadcast rights of Peter Pan season 1 for Italy.
5. BBS acquired the rights to produce Jungle Book party
disposables and tableware for Italy, San Marino & Vatican
City.
6. Ranocchio Re acquired the rights to produce Peter Pan
Ceramic, Procelain, Glass, Silver bi-laminate, Resin and Cardboard
for the regions Italy, San Marino, Vatican City and Italian
speaking Switzerland.
7. Tendenze srl acquired the rights to produce Peter Pan apparel
for Italy, San Marino and Vatican City.
8. Rai Cinema acquired the free to air broadcast rights of Peter Pan season 1 for Italy.
9. Universal Music acquired worldwide music publishing rights of Jungle Book season 2.
10. Escalada acquired Free TV broadcast rights of Iron Man 2 and
Peter Pan for Malaysia.
11. Simbasat, UK acquired broadcast rights of Iron Man 2 for
Senegal, Mali, Ivory Coast, Mauritius and French speaking
Africa.
12. 2 x 2 acquired broadcast rights of Iron Man 2 for
Russia.
13. Green Narae Media acquired Home Video rights of Jungle Book
2 and Peter Pan for Korea.
14. Showtime Attraction, L&M partner in Australia for Jungle
Book and Peter Pan for the category of Costume Character
Appearance, have extended the term for Jungle Book by 1 year.
15. Jungle Book Toy Deals:
-- Habuba Clip for Israel
-- TRU Dubai for Dubai
-- Hunter Leisurefor Australia
-- Prima Toys for South Africa
-- Scandi Toys for Scandinavia
-- Ho's Team- Shoprite for South Africa
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 realization 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 and further updates will be provided in due
course.
Contact:
DQE Tel: +91 40 235
Sumedha Saraogi 53726/27
sumedha@dqentertainment.com
P R Vishnu
vishnu@dqentertainment.com
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 an Emmy winning 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
END
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