DQ Entertainment Limited & Percept Picture Company enter 3 Animation Film co-production MoU

Bangalore, 11 February 2008: 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 & CEO DQ Entertainment Limited says, “Bollywood’s foray into animated Indian feature films with “Hanuman” has triggered many announcements of animated features by Bollywood 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.”

About DQ Entertainment

DQ Entertainment (DQE) an Academy award winner and LSE listed company, is a leading producer of Animation and Visual Effects (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 production and mostly in co-production with world majors including American Greetings and Marvel Comics for animated as well as Animation with Live Action TV productions which includes concept to post-production with its base in Hyderabad & Manila with currently additional sizeable production capacities developing in Chennai, Mumbai and Kolkata to take manpower strength to well over 4000 in the near future.

DQE has been rewarded for its technical processes, creative processes and corporate governance as Red Herring India 100 Asian company, followed by Deloitte Technology Fast 50 India 2006; Deloitte Technology Fast 500 Asia Pacific 2006; 2007.DQ Entertainment has clear distinction of being the first Indian Entertainment company to be nominated for 6 Day Time Emmy awards and winner of 2007 EMMY award. It has also received ANNECY TV Technical production award, BAF Awards for 2004, 2006 & 2007; prestigious New Zealand Screen awards for 2005 & 2006 and has recently been accepted for nomination for another TV series in Day Time EMMY 2008 Awards.

About Percept Picture Company (PPC)

Established in 2002, Percept Picture Company (PPC) is India’s fastest growing and fully integrated Content Creation, Aggregation and Distribution Company. PPC expertise in producing Motion Pictures, Television Software, Film Distribution and Marketing, Ad Film Production, Corporate Films, Live Events and Special Projects. PPC produces innovative and quality films through an efficient film making process, by integrating content production, distribution, tie-ups for exhibitions, broadcasting and music rights. Through innovative marketing, content quality and distribution techniques, PPC has succeeded in securing long term relationships with its clients.

Percept Picture Company is a part of Percept Holdings, a strategic holding company that promotes, owns and manages a spectrum of marketing communication companies. Percept Holdings has a capitalized billing of INR 16.5 billion and employs over 1,000 employees in 64 offices across 22 locations.

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