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DQ Entertainment listed on AIM at LSE

December 21, 2007 7:52:47 PM IST
Bollywood Trade News Network
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DQ Entertainment Ltd, one of the leading Animation and Game art / FMV group, has raised funds to the tune of $56 million through its listing on the Alternative Investment Market (AIM), London Stock Exchange (LSE) on 18th December 2007. The funds raised will be primarily used for DQ Entertainment’s expansions of several production facilities in India; more Sales & Distribution network world-wide, direct and co-investment in IPR’s global partnerships, immediate European acquisitions and joint ventures.

With its production facilities in Hyderabad, contracted production facility in Manila and its sales set - up in Paris, Los Angeles and Tokyo, DQE is the leading production house for all platforms of CGI (3D)/ 2D Traditional, 2D Digital/ VFX including TV series, feature films, direct to home videos (DTH). DQE has aggressively added state-of-the-art facilities with large high quality trained Human Resources production of Next - gen game art and Full Motion Video (FMV) for AAA games.

Listing at LSE is a major step in DQE’s growth strategy, which will fuel its countrywide expansions of production and training endeavours, sizeable investments in global IP’s including international acquisitions & joint ventures.

Commenting on the IPO listing, Mr. Tapaas Chakravarti, CMD & CEO of DQ Entertainment Ltd said, “DQE’s comprehensive international presence and partnership will have sizeable boost to its international profile with listing at AIM, LSE. The global animation and gaming industry combined together is growing over 10% CAGR while it’s witnessing a paradigm shift in use of next-gen technologies to fulfill ever increasing creative needs, manage the cost increase well and deliver across all platforms of distribution including digital platforms. We are ideally placed to exploit immense National and International market opportunities with our proven track record of highest quality, tremendous pool of creative talents, and comprehensive international partnership for iconic branded IP co-productions. This listing will assist DQE to keep up with the growth challenges and manage it well.”



 
 

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