MUMBAI: Toonz Animation India has entered into a strategic partnership agreement with Ireland‘s Telegael Group wherein both the parties will combine their resources to develop, co-produce and finance a slate of animation projects for global distribution.

While Toonz is a provider of animation to US and European producers, Telegael is a live action and animation production house which operates one of Europe‘s post-production studios.

Toonz and Telegael have previously worked together on the Freefonix animation series for BBC, which emerged as a cult show in the UK and is now being distributed internationally.

"We aim to mutually leverage our competencies in our core domains

. To start off, we are looking at the production of a slate of television series with a combined worth approaching $30 million," said Toonz Animation India CEO P Jayakumar.

Added Telegael Group CEO Paul Cummins, "The animation industry now operates on a global model. This strategic collaboration will enable Toonz and Telegael to exploit obvious synergies which exist between our two companies and enable us to produce animation content for a global audience."