Mar 4, 2009

DQE inks a 2D animation TV series co-production deal with Moonscoop, France

DQ Entertainment International (DQE), the internationally acclaimed and AIM listed animation entertainment company, and Moonscoop one of the world’s leading independent animation producers, today announced the signing of a bi-partite co-production deal for the production of Tara Duncan a 2D animated TV series, during the visit of Nicolas Atlan, CEO, Moonscoop, to DQE in Hyderabad, India. The series will have a global production budget of $8.32 million.

M6, the second largest private French broadcaster and Disney, will be the broadcast partners for this production. This is the 4th TV series between the two companies after the announcement of the strategic alliance between the two companies last year. The alliance that aims to capitalize on the individual business networks and production expertise of both groups, has seen fructification after Moonscoop and DQE began working together on the animated TV series Casper’s Scare School, co-produced with Classic Media. The two companies also worked together successfully on The Fantastic Four animated series based on the famous superheroes from Marvel and with MoonScoop’s US office on Twisted Whiskers a co-production with American Greetings and the hit animated series ToddWorld.

Tapaas Chakravarti, Chairman & CEO, DQE Group said “The functionality of our partnership with Moonscoop has been proven once again. Together we will produce world class animation for television productions as well as feature films. We are also jointly exploring producing Indian content in live action as well as animation to further extend our relationship with Moonscoop.”

Expressing his conviction, Christophe di Sabatino, co-Chairman, Moonscoop said, “Our faith in DQ Entertainment as a suitable partner in today’s highly competitive marketplace has been reinforced with the signing of this new co-production between the 2 groups. We have a great track record and hope to extend our working partnership on several other projects”

“This deal is in logical progression of our ongoing relationship with DQE,” added Nicolas Atlan, CEO, Moonscoop. “We have successfully collaborated on Casper and the Fantastic Four TV series. We hope that Tara Duncan will be yet another successful partnership. Each of our companies brings something unique to this agreement which we think will ultimately benefit not only our companies, but our broadcast and licensing partners, as well.”

Tara Duncan, based on the best selling book by Sophie Audouin-Mamikonian, is a co-production between the DQE and Moonscoop, slated to go into production by June this year. Tara Duncan is a children’s fantasy series touted as Harry Potter’s little French sister. Tara Duncan, which is the name of the heroine of the series, is a young girl, who discovers by chance that she is a “sortcelière” (those who can bind fates) with very powerful capacities. Tara will discover a world of magic and supernatural, with its risks and dangers. Adventure, humour and magic: with the adventures of the young witch Tara Duncan, published in more than ten countries, Sophie Audouin-Mamikonian has already conquered the hearts of thousands of readers.

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About DQ Entertainment:

DQ Entertainment (DQE) is the leading producers of Animation for Feature Film, TV Series, Home Video, Games Art and Visual Effects (VFX) for global TV series, Feature Films, DTH Videos, including online, mobile and Next-Gen Console Game Art and in-game animation.

The Group’s client base spans across various continents and includes large production companies like Walt Disney Television Animation - USA, Nickelodeon Animation Studios Inc. - USA, Electronic Arts – UK, Canada, Method Films – France, Marvel - USA, American Greetings - USA, NBC-Universal - USA, BBC - UK, Mattel - USA, Take 2Interactive - USA and others.

DQE aims to provide broad based Entertainment Content Offerings based on market demand. DQE has entered into Co-production & licensing of main stream Bollywood Live Action Feature Films and several animated feature films and Television series are in development besides a large ongoing order book.

DQE is listed on the AIM market of London Stock Exchange and the group's production facilities are based out of India & in Manila, Philippines while the creative & sales offices are located in USA, France & Japan. DQE's largest facilities in India are in Hyderabad spread over 10 locations while the other facilities are Kolkata, Chennai & Mumbai with the manpower over 3400+, making it the largest group in this domain.

DQE's expertise in quality planning & strong production management has earned a DNV ISO 9001 certification, by Det Norske Veritas (DNV), Netherlands. DQE's productions have won several recognition & awards which include several nominations at Emmy (for “ToddWorld,” “Curious George” (Season 1), “Post Card from Busters,” “Mickey Mouse Clubhouse,” an Emmy Award for "Tutenstein", BAF Award for “Delta State,” “Chose Your Own Adventure,” “Skyland,” Cartoons at Bay , Italy for “Skyland” and “Pet Pals,” Redemptive Film Festival USA for “Donkey Ollie.” The group’s business management practices have also been recognized and being awarded Asia's Top 100 Private Best Managed Companies by Red Herring USA, Deloitte Asia Pacific Fast Growing Companies for 2006 and 2007.

About Moonscoop

Moonscoop is a leading worldwide production, distribution, brand management and entertainment company, focused on producing original projects and building brands with international appeal and longevity.

Its rights library combines many of the most successful programs and best-loved animated creations in the global television market and includes over 3,000 half-hours of programming airing in more than 160 territories worldwide. Key brands include "Code Lyoko," "Fantastic Four," "Titeuf" (Tootuff), "Pet Alien," “Dive Olly Dive!” and "Casper" which are licensed in markets around the world. Moonscoop’s production slate currently includes new series “Geronimo Stilton”, “Hero:108”, “Twisted Whiskers” and “Chloe’s Closet”.

Moonscoop was established with the merger of France Animation and Antefilms Production and the subsequent stake of a majority share in US-based Mike Young Productions and Taffy Entertainment, which all now fall under the Moonscoop label. Moonscoop employs over 350 people worldwide.

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