Monday Feb 11 8:50 PM
Bollywood Trade News Network
Recognizing the potential and acute need for high end animated Indian films in Indian animation industry, DQ Entertainment (DQE) and Percept Picture Company (PPC) proudly announced their 3 animation co-production memorandum of understanding signed recently. The films are slated for 2009 - 2010 release.Genre: - Mythology, Super Hero, Bollywoodish and Animal Kingdom
After taking the entire industry by storm with their first edition of the Super Hero - HANUMAN and Return of HANUMAN; DQE now in association with PPC will make 3 high quality animation films - 2 of entertaining mythology genre and the third film will be a complete Bollywood masala flick with estimated budgets of around 25 Million USD.
Mr.Tapaas Chakravarti, Chairman and CEO DQ Entertainment Limited says, "Bollywood's foray into animated Indian feature films with HANUMAN has triggered many announcements of animated features by Bollywood production houses. The business proposal and co production understanding between PPC and DQE is aimed at bringing high quality story telling and visuals and international success to India. We are excited about our plans with PPC and committed to produce high quality animated films from India for the world."
Says Mr. Shailendra Singh, Jt. MD, Percept Limited, "We promise to deliver the finest quality entertainment to the world audience through our association with DQE. " He adds, "The Indian animation feature market today finds itself at unprecedented values since the whopper hit HANUMAN (2005). The movie not only smashed records in the animation segment, but went on to achieve further heights when it broke DVD sales in 2006 followed by the release of PPC's RETURN OF HANUMAN in 2007."
