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listing is a major step in DQE's growth strategy,
which will fuel its countrywide expansions
of production and training endeavours, sizeable
investments in global IP's including international
acquisitions & joint ventures.
With
its production facilities in Hyderabad,
contracted production facility in Manila
and its sales set-up in Paris, Los Angeles
and Tokyo, DQE is the leading production
house for all platforms of CGI (3D)/ 2D
Traditional, 2D Digital/ VFX including TV
series, feature films, direct to home videos
(DTH). DQE has aggressively added state-of-the-art
facilities with large high quality trained
Human Resources production of Next - gen
game art and Full Motion Video (FMV) for
AAA games.
A
part of the investment is also being used
to buy out existing investors - IL&FS,
Hyderabad-based i-labs, TDA Capital Partners,
India Value Funds and IFC, Washington, the
Business Standard reports.
"Our
investors have partially exited. Post the
listing, DQE management, employees and directors
will have close to 25 per cent, 53 per cent
will be with the public and the rest will
be with investors locked in for a year,"
the report quotes DQ Entertainment chairman
and CEO Tapaas Chakravarti as saying.
The
company expects 30 per cent revenue to come
from services and the remaining 70 per cent
from IP rights.
New
Media Initiatives:
DQE
has set up a New Media Initiatives Division
which will exploit the opportunities in
the Indian Markets. It intends developing
Intellectual Properties in the form of TV
Series and Features for Indian Markets.
It
is also foraying into publishing of comics,
merchandising of international ownership
of IP's and is well on the way to develop
Indian IPs with global appeal for TV, DTH
videos as well as foray into Hindi feature
films in quality co-productions. Looking
at the tremendous growth of Indian entertainment
industry and need for high quality content
for animation, the company is developing
several properties for feature film as well
as for TV.
DQE
has recently entered the home video market
in strategic association with Moser Baer
for the distribution of their animation
series 'Pet Pals' and 'Ratman' in collaboration
with Gruppo Alcuni, and Stranemani of Italy.
It is also in advanced discussions with
other home video market players to launch
over 12 new properties.
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