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DQ in pact with THINK Corporation, Japan
February 16, 2008 6:11:03 PM IST Bollywood Trade News Network
DQ Entertainment, one of the largest animation and gaming companies in India has announced a Memorandum of Understanding ("MOU") with Japan's THINK Corporation at this year's 'Kidscreen Summit', New York. THINK Corporation is a 20 year old corporation providing wide range of intellectual property creation services.
For the two stalwarts of the entertainment industry, the MOU is the basis for the planned co-production of three animated high end 3D CGI TV Series and a Direct to Home Video/Feature Film. This will enable both the companies to benefit from global exploitation and distribution of these intellectual properties.
The three high-end CGI TV series under consideration are HONEINU - KUN IN THE MAKKURA LAND, LOVE ROLLERCOASTER and an Untitled Preschooler-targeted series. Also under consideration is the proposal to co-develop and co-produce Direct to Home Video/Feature Film COLUBOCCORO. The consolidated outlay towards these productions is estimated to be in the range of approximately 24 Million USD. The said TV series and film will be released from 2009 onwards.
Mr. Tapaas Chakravarti, Chairman & CEO of DQE said, "DQE is joining hands with THINK Corporation to co produce three animation TV series and feature film for the global markets. We are very impressed with THINK's creative capabilities and there will be lot of synergies in our working together."
Mr. Yuji Mori, CEO, THINK Corporation, Japan said, "We are confident our joint productions will be well received globally. DQ with their strong production pipeline will compliment our creative capabilities very nicely.