DQE to join hands for $100-mn projects

Hyderabad: DQ Entertainment International (DQE), an animation development company, and the US-based production and distribution company MoonScoop Group have joined hands to take up projects worth $100 million.

The companies would co-produce at least five TV series and two feature films for worldwide distribution. The alliance seeks to release at least one TV series or film each year of the agreement that would last till 2012.

In a press release issued here, Mr Tapaas Chakravarti, Chairman and Chief Executive Officer of DQE, said the alliance would also focus on new media business development such as broadband channels.