March 22, 2008

Pritish Nandy joins hands with DQ Entertainment International

Pritish Nandy Communications Ltd has announced that it has joined hands with DQ Entertainment International, one of the world's leading animation, game art and film production Companies, to co-develop and co-produce 6 movies in the next 3 to 4 years time within a budget of $45 Mn. These films will be in animation and live action and each project will be separately announced once the global co-production budgets are closed.

The understanding, which was concluded in Hyderabad early this morning, will see the two Companies co-produce unique movies in both the animation and live action space. Pritish Nandy, Chairman of PNC says, "DQE is a world leader in the high-end animation and film content space and the range and quality of their work has impressed us. We are delighted to associate with their extremely talented team of 3000 professionals across the globe. We are also exploring gaming extensions for all platforms to be co-developed with DQE including comic book spin-offs."

DQ Entertainment, Academy award winner and London listed Company, is a leading producer of animation and VFX for global TV series, feature films, DTH videos including online, mobile and next-gen console game art and in-game animation. DQE is engaged in global co-production: with world majors including American Greetings and Marvel Comics in the US and Method Films and Moonscoop in France and works with over 80 client-partners worldwide out of its production, creative and business support facilities in India, Philippines, Los Angeles, Tokyo and Paris. DQE has won many award nominations and been recognised for its technological and creative excellence, corporate governance and growth by Red Herring Asia 100, Deloitte Technology Fast50 and Deloitte Fast500 Asia Pacific.

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