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DQ Entertainment (International) Ltd said it signed two equity and distribution co-production agreements with Indonesia's PT MetropolitanTelevision (B-Channel) for its 3D TV series, 'The Jungle Book' and 'The New Adventures of Peter Pan', a 3D stereoscopic TV series.
B Channel will contribute towards the global budget of 10 million euro for the 52x11' TV series of 'The Jungle Book' as well as towards the global budget of 10 million euro for 26x22' minutes of ;The New Adventures of Peter Pan'.
The Indonesian channel has been granted the rights for free TV/free VOD/IPTV and home video distribution for that country. The channel will be entitled to a royalty against DQE's distribution revenues for their equity participation.
On Monday, DQ Entertainment shares ended 2.4% up at Rs112 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.6% up to 20,355 points.
Eros International Media Ltd said it bought worldwide rights of Excel Entertainment's forthcoming Hindu movies - Zoya Akhtar's Zindagi Na Milegi Dobara and Abhinay Deo's Game for an undisclosed amount. The company expects to release the movies in 2011.
With Zindagi Na Milegi Dobara a road film, director Zoya Akhtar has achieved a casting coup of Hrithik Roshan, Farhan Akhtar, Abhay Deol, Katrina Kaif and Kalki Koechlin. Game, a whodunit with twists and turns stars Abhishek Bachchan, Kangana Ranaut, Sarah Jane Dias, Jimmy Shergill, Shahana Goswami, Gauhar Khan, Boman Irani and Anupam Kher. Directed by Abhinay Deo, Game promises to be a slick edge-of-the-seat thriller.
On Monday, Eros International shares gained 4.1% to Rs189 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.6% up to 20,355 points.