MUMBAI: Pritish Nandy Communications (PNC) has joined hands with DQ Entertainment (DQE) to co-develop and co-produce six movies in the next 3 to 4 years time.

Within a budget of $45 million (around Rs 1.8 billion), these films will be in animation and live action, and each project will be separately announced once the global co-production budgets are closed.

The understanding will see the two companies co-produce movies in both the animation and live action space.

PNC chairman Pritish Nandy says, "DQE is a world leader in the high-end animation and film content space, and the range and quality of their work has impressed us. We are delighted to associate with their team of 3,000 professionals across the globe. We are also exploring gaming extensions for all platforms to be co-developed with DQE including comic book spin-offs."

DQ Entertainment had also signed an MoU with Percept Picture Company earlier to produce three animated films with a total budget of around $25 million (approximately Rs 1 billion).