MUMBAI: Hyderabad-based DQ Entertainment has signed two equity and distribution co-production agreements for its 3D TV series The Jungle Book and The New Adventures of Peter Pan, a 3D stereoscopic TV seies, with PT MetropolitanTelevision (B-Channel), Indonesia.

DQE concluded both the contracts with B Channel during the recent visit of DQE CMD and CEO Tapas Chakravarti to Jakarta. The channel confirmed participation as an equity and distribution co-producer for the first season of the under-production Jungle Book TV series and The New Adventures of Peter Pan under the terms of the agreement.
 
B Channel will contribute towards the global budget of Euro 10 million for the 52 x 11’ TV series of the Jungle Book as well as towards the global budget of Euro 10 million for 26x22’ minutes of The New Adventures of Peter Pan.

The Indonesian channel has been granted the rights for free TV/free VOD/IPTV & home video distribution for that country. The channel will be entitled to a royalty against DQE’s distribution revenues for their equity participation.

Says DQE CEO and Chairman Tapas Chakravarti, “ Our strategy of producing and distributing iconic content has received further validation and financial backing through B Channel’s commitment to both 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 unparralled.”