MUMBAI: DQ Entertainment has signed two equity and distribution co-production agreements for The Jungle Book, a 3D TV series and The New Adventures of Peter Pan a 3D stereoscopic TV series with PT Metropolitan Televisindo (“B-Channel”), Indonesia.
DQE concluded both the contracts with B Channel, during the recent visit of DQE chairman and CEO Tapaas Chakravarti to Jakarta, Indonesia.
B Channel confirmed participation as a equity and distribution co-producer for the first season of The Jungle Book TV series, which is in production now, as well as The New Adventures of Peter Pan. Under the terms of the agreement B Channel will contribute towards the global budget of Euro 9.20 million for the 52 X 11’ TV series of The Jungle Book, as well as towards the global budget of Euro 10 million for 26 X 22’ minutes 3D stereoscopic TV series The New Adventures of Peter Pan.
B Channel has been granted the rights for Free TV/ Free VOD/ IPTV & Home Video Distribution Rights for the region of Indonesia. They will further be entitled to a royalty against DQE’s distribution revenues for their equity participation.
During the Mipcom Festival in Cannes, Peter Pan was successfully launched by DQE alongside co-production equity and editorial partnership with ZDF Group, Germany and Method Animation, France supported by France Televisions, De Agostini Group, Italy and ATV, Turkey.
Chakravarti said, “Our strategy of producing and distributing iconic content has received further validation and financial backing through B–Channel’s commitment to both The Jungle Book and Peter Pan. The Indonesian market is one of the fastest growing consumers of animated content and merchandising in the ASEAN region and B-channel’s reach is unparalleled.”
B Channel CEO Sofia Koswara added, “B Channel is delighted and honoured to be given the opportunity to partner with DQ Entertainment. This partnership will allow B–Channel to develop the Jungle Book and Peter Pan franchises in Indonesia, one of the world’s largest and growing emerging markets. The values of family, friendship, loyalty, forgiveness, unity in diversity espoused by these properties holds true to the values that B-Channel embraces. It is our privilege to be given the opportunity to inspire millions of children through the incredible work by DQ Entertainment’s Jungle Book and Peter Pan.”