Film Production
DQ Entertainment’s Method Animation gets much needed nudge
MUMBAI: DQ Entertainment (DQE), a leading animation, gaming, live action, entertainment production and distribution group, has announced the reorganisation of its French sister company Method Animation, in which it holds a 20 per cent equity stake. Method Animation has collaborated with Onyx Films and Chapter 2 to create ‘On Entertainment Group’ which will be the holding company for the three French subsidiary companies.
With the combined portfolio that includes a huge library of titles and group revenues, the enlarged French group automatically climbs the pedestal to become one of the leading animation and film production companies in Europe. The new On Entertainment group has revenue of €34 million and an operating profit of €5.2 million. DQ Entertainment pictures will continue to hold a 20 per cent stake in Method Animation.
On Entertainment is aiming to grow rapidly over the next five years for which it has even raised its investment. It will provide increased liquidity to the group and fund future productions through a fundraising of €10 million from Ohana Capital, a Canadian corporate investment fund, Gallic entrepreneur Laurent Dassault’s holding company LDRP, and AB Group, one of France’s biggest rights-brokers and the owner of 14 pay-TV channels. AB will provide minimum guarantees in future shows/TV Series, while Ohana Capital has expertise in licensing and merchandising.
“The group intends to create two films per year with significant budgets that are intended for worldwide distribution,” said Chapter 2 CEO Dimitri Rassam. Method Animation CEO Aton Soumache said, “We are working on creating a catalogue of characters that can be monetised in various markets.”
DQ Entertainment CEO Tapaas Charkravarti, commented: “We look forward to partnering with On entertainment on new productions, combining the unique strengths and resources that the two groups represent.”
On Entertainment’s projects for 2014 and 2015 include the feature film Paradise Lost based on the life of Pablo Escobar with Benicia DelToro and Josh Hutcherson starring in the €20 million budget film; Le Petit Prince, an animated feature film at a budget of €57 million euros has already been closed. It is directed by Mark Osborne and slated for a Global release in second half of 2015.
DQ Entertainment and Method Animation have together undertaken several productions such as Le Petit Prince, Peter Pan, Prodigies, Charlie Chaplin, Le Petit Nicolas, Iron Man (a flagship series of Marvel characters) and several others at a combined production budget of about €90 million. At the same time, Robin Hood Season-1, Second season of The New Adventures of Peter Pan, English-language live action/animation hybrid TV Series of The Seven Dwarfs and Me, and several other famous brands are in the development.
Film Production
Priyanka Kaur Dhillon joins SVF Entertainment as lead for music distribution
A seasoned content dealmaker with 16 years in digital and satellite media joins the Bengali entertainment powerhouse as it pushes into the pan-India music market
Mumbai: Priyanka Kaur Dhillon has made her move. The content acquisitions and commercials veteran, most recently commercial manager at Sony Pictures Networks India, has joined SVF Entertainment as lead for music distribution, stepping into one of the more interesting briefs in regional entertainment right now.
SVF is no ordinary regional label. Over 30 years it has built a formidable legacy in Bengali cinema and music, driven by culturally resonant storytelling and a catalogue that consistently punches above its weight. Its recent success with Chiraiya underlines the point. But the Kolkata-based powerhouse now has its sights firmly set beyond Bengal, most visibly through Legacy, a rap reality series produced in collaboration with hip-hop label Kalamkaar that signals a deliberate push into the pan-India music ecosystem.
Dhillon brings precisely the kind of muscle SVF needs for that expansion. At Sony Pictures Networks India, she led film acquisition and commercials and handled music licensing across the entire satellite network. Before that, she spent nearly 15 years at Hungama, rising to assistant general manager and leading strategic content licensing for the platform’s digital entertainment business, with a particular focus on international markets. Her label relationships span the full roster: Sony Music, Universal Music, Warner Music, Believe International, Tunecore, The Orchard and a clutch of smaller aggregators. She has negotiated and closed deals with Hollywood studios, Bollywood production houses and regional content players alike, building pricing models and deal structures off data analysis rather than instinct.
Announcing the appointment, Dhillon said she was “thrilled to begin this journey with an iconic Bengali music label and content powerhouse,” adding that SVF’s “constant drive to push boundaries” was what drew her to the role.
SVF has spent three decades proving that regional does not mean limited. With a sharp commercial operator now steering its music distribution, its bid to go national just got a good deal more serious.
