Monday, March 31, 2008

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Friday, March 28, 2008

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Thursday, March 20, 2008

Pritish Nandy in Rs 1800 crore deal for animation movies

Pritish Nandy Communications Ltd (PNC) has struck a Rs 1800 crore ($45 million) deal with DQ Entertainment (DQE), one of the world's leading animation and gaming production companies, to co-develop and co-produce six animation movies over the next three to four years. Announcing the deal Wednesday in DQE's Hyderabad office, PNC chairman Pritish Nandy said that both the companies would later jointly work out the budget of each of these six movies. "The movies will be in animation and live action. Each project will be announced separately and all of them shall be released globally," Nandy told IANS on phone. Last May, PNC had also signed a five-movie deal with Motion Pixel Corporation (MPC), a Florida-based animation company that has its animation studios, Estudio Flex, in Costa Rica. The PNC-MPC deal envisaged that all the five movies would be 3-D animated full-length Bollywood variety of movies with Indian and international actors. Nandy had earlier said that the first of these movies was now in the final stages of production. "DQE is a world leader in the high-end animation and film content space. The range and quality of its work has impressed us. We are delighted to associate with its talented team of 3,000 professionals," said Nandy. PNC is also exploring gaming extensions for all platforms to be co-developed with DQE, including comic book spin-offs. DQE has already collaborated with production houses in other parts of Asia, Europe and North America for 'Long Form Animation' for TV, home video and feature-length movies. Animation content produced at DQE Hyderabad facilities have been used by channels like BBC, Nickelodeon, Discovery, Cartoon Network and Disney.

Friday, March 14, 2008

Media firm to animate story on Taj Mahal

For the first time in India, Chandigarh-based Compact Disc India Ltd (CDIL), an integrated media and entertainment company, will animate a true love story titled Eternal Love in English which will revolve around the Taj Mahal. The company has secured an animation outsourcing contract worth $15.70 million from a Los Angeles-based firm through its arm Mediaone Ventures Ltd for the film which is slated to be released in December 2009. Internationally acclaimed celebrities will be involved in this ambitious film project. The company acquired a Russian mobile gaming company — Mobsoft — for $7 million in April this year and very soon the firm will float a new company in Chandigarh. Recently, Department of Information and Technology, Madhya Pradesh, allotted five acres of industrial land to the company for setting up an animation studio at the IT Park in Bhopal. The estimated investment by the studio is Rs 57.20 crore. It has also entered into an agreement with the Rajasthan State Industrial Corporation Ltd for setting up a studio at Kath Kalwar in Jaipur. The agreement was signed at the recently-conducted Resurgent Rajasthan — Partnership Summit at Jaipur, organised by the Rajasthan government in collaboration with FICCI. The Company is hopeful of achieving a sales turnover of over Rs 103 crore this fiscal year.