MUMBAI: DQ Entertainment has signed a Memorandum of Understanding (MoU) with Think Corporation, Japan, a 20 year old corporation providing intellectual property creation services.

The MoU is the basis for the planned co-production of three animated 3D CGI TV series and a direct-to-home video / feature film. The total budget for these productions is estimated to be in the range of approximately $ 24 million.

The MoU will enable both the companies to benefit from global exploitation and distribution of these intellectual properties.

The three CGI TV series under consideration are Honeinu – kun in the Makkura-Land, Love Rollercoaster and another untitled preschooler-targeted series.

Also under consideration is the proposal to co-develop and co-produce the direct-to-home video / feature film Coluboccoro. The said TV series and film will be released from 2009 onwards.

Think Corporation, Japan CEO Yuji Mori said, “We are confident our joint productions will be well received globally. DQE with their strong production pipeline will complement our creative capabilities very nicely.”

DQE chairman and CEO Tapaas Chakravarti added, “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 a lot of synergies in our working together.”

DQ Entertainment recently also signed an MoU with Percept Picture Company for co-production of three animated feature films.

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