DQE and B-Channel Announce Co-Production Agreements

DQE, the entertainment production and distribution company, today announces the signing of two equity and distribution co-production agreements for The Jungle Book, a 3D TV series and The New Adventures of Peter Pan a 3D stereoscopic TV series with PT Metropolitan Televisindo ("B-Channel"), Indonesia.

DQE concluded both the contracts with B Channel, during the recent visit of DQE Chairman and CEO Tapaas Chakravarti to Jakarta, Indonesia. B Channel confirmed participation as a equity and distribution co producer for the first season of 'The Jungle Book' TV series, which is in production now, as well as 'The New Adventures of Peter Pan'. Under the terms of the agreement B channel will contribute towards the global budget of Euro 9.20 Million for the 52 X 11' TV series of The Jungle Book, as well as towards the global budget of Euro 10 Million for 26 X 22' Minutes 3D stereoscopic TV series The New Adventures of Peter Pan.

Sofia Koswara , B CHANNEL CEO, Tapaas Chakravarti CEO & Chairman DQE and Mr. Manoj Mishra Sr. Vice President Licensing & Distribution DQE B Channel has been granted the rights for Free TV/ Free VOD/ IPTV & Home Video Distribution Rights for the region of Indonesia. They will further be entitled to a royalty against DQE's distribution revenues for their equity participation.

During the Mipcom Festival in Cannes on 3 October 2010, Peter Pan was successfully launched by DQE (see www.dqentertainment.com) alongside co-production equity and editorial partnership with ZDF Group, Germany and Method Animation, France supported by France Televisions, De Agostini Group, Italy and ATV, Turkey.
Sofia Koswara , B CHANNEL CEO and Tapaas Chakravarti Chairman & CEO, DQE exchanging the contracts

The first broadcast of The Jungle Book on TF1 in France occurred on 24th October and has received good ratings. The Jungle Book has already been sold in multiple countries around the world for broadcasting, licensing and distribution and is co-produced by DQE with international partners including TF1 and Moonscoop, France, ZDF Group, Germany. Rights to broadcast the series have also been acquired by ABC Australia, Noga TV Israel, Disney-Asia, Tele Quebec - Canada, BBC-UK and JCCTV-Middle East, TVO-Canada, Thai PBS, TV-12 Singapore, while Home Video rights have been acquired by NBC Universal, TIGA (Thailand) and Play Records (Israel) , as well as several other licensees for worldwide merchandising.

B CHANNEL is the fastest growing TV network in Indonesia with a plan to broadcast in 46 cities spanning 33 provinces. B CHANNEL provides broadcast coverage to a country population of 232 million and serves to inspire viewers through top quality programming and wholesome family entertainment.

Tapaas Chakravarti, CEO & Chairman DQE commented:

"Our strategy of producing and distributing iconic content has received further validation and financial backing through B-Channel's commitment to both The 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 unparalleled."

Sofia Koswara , B CHANNEL CEO commented:

"B CHANNEL is delighted and honoured to be given the opportunity to partner with DQ Entertainment. This partnership will allow B-Channel to develop the Jungle Book and Peter Pan franchises in Indonesia, one of the world's largest and growing emerging markets. The values of family, friendship, loyalty, forgiveness, unity in diversity espoused by these properties holds true to the values that B-Channel embraces. It is our privilege to be given the opportunity to inspire millions of children through the incredible work by DQ Entertainment's Jungle Book and Peter Pan."