As per the agreement, ZDFE will act as the distributor for the TV series being produced at a global budget of 9.2 million euros
Animation firm DQ Entertainment (DQE) on Tuesday said it has signed an agreement with German firm ZDF Enterprises (ZDFE) for a 3D animated series named 5 & IT as part of a packaged multi-million euro deal.
As per the agreement, ZDFE will act as the distributor for the TV series being produced at a global budget of 9.2 million euros, DQE said in a filing to the Bombay Stock Exchange.
ZDFE will hold the distribution rights in 64 countries including Western and Eastern Europe (excluding French speaking Europe, UK and Ireland), South Africa and Latin America.
DQE is presently in discussion with leading broadcasters worldwide for TV broadcast and expects to conclude soon, it added.
The TV series is a series of fantasy adventures for children aged 6-10 and is based on a book by Edith Nesbit. The story has already appeared in live action cinema and TV in Europe.
“We believe 5 & IT will also go on to be a huge success like of our previous productions such as ‘The Jungle Book’ and ‘Peter Pan’ and will open various other revenue streams for exploitation,” DQE CEO and chairman Tapaas Chakravarti said.
On Tuesday, DQE ended 4.65% up at Rs49.55 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.41% to 18,495.
SSTL’s revenues grew by three-folds to Rs236.2 crore during January-March quarter of FY’11, against Rs78.6 crore in the same period last year
Sistema Shyam TeleServices Ltd (SSTL), which operates under the MTS brand, said its net loss widened by 63% to Rs666.40 crore for the first quarter ended 31 March 2011, though its revenues grew three-fold.
“The decrease in margin is on account of increase in operational costs due to further scale up operations across all circles. Additionally, the circles of UP East, West and Gujarat, were launched in the latter part of 2010, hence the impact of their launch was felt in Q1 2011,” SSTL, which has equity participation by Russia-based Sistema, the Russian government and the Shyam Group of India, said in a statement.
Revenues of the company grew by three-folds to Rs236.2 crore during January-March quarter of FY’11, against Rs78.6 crore in the same period last year.
The revenue growth was driven by a 168% increase in subscriber base over Q1’10, the statement added. “For the first time, our revenue growth during the quarter was faster than our growth in wireless subscribers. This is a strong reflection of our continued efforts to target quality customers,” SSTL president and CEO Vsevolod Rozanov said.
The company had posted a net loss of Rs408.1 crore in the first quarter of FY’10. During the quarter, revenue growth was faster than the growth in total wireless (Voice and Data) subscriber base. Blended mobile Average Revenue Per User (ARPU) for the quarter remained consistent at Rs82, against a declining trend in the market, the statement added.
By the end of Q1 2011, SSTL expanded its mobile data services to 130 cities in India, including all five metros.
Deposits for one year to less than two years would fetch interest rate of 9.25% per annum and two years to less than three years 9.35% per annum
Vijaya Bank revised interest rates on domestic term deposits with effect from today.
Keeping in mind the current trends and customer expectations, some new maturity periods with attractive interest rates have been introduced, the bank said in a release.
Deposits for one year to less than two years would fetch interest rate of 9.25% per annum and two years to less than three years 9.35% per annum.
Interest rates for shorter maturity periods too have been enhanced, ranging from 0.50% to 0.25%. Senior citizens would continue to be eligible for 0.5% additional interest for all categories, it said.