Animation
Q1-2015: Loss due to commissioning delay, own project delivery recognition for DQ Entertainment
BENGALURU: The Tapas Chakravarti led DQ Entertainment (International) Limited (DQEIL) reported consolidated loss of Rs 12.06 crore in the quarter ended 30 June, 2014 (Q1-2015, current quarter) as compared to a profit of Rs 6.63 crore (21.8 per cent of consolidated net income from operations or Total Income from Operations) in the corresponding quarter of last year (Q1-2014) and against a profit of Rs 14.66 crore (14.4 per cent of TIO) in the immediate trailing quarter Q4-2014).
The company says that it is facing a financial strain on account of high receivables, but at the operational level it is cash positive. DQEIL claims that the current total contract value for the service/co-production projects signed and in discussions is about USD 63 million to be executed over the next 18 months. Also, the total contract value for the licensing and distribution deals signed is USD 10 million for FY-2015.
Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore
The company explains that due to seasonality of its business, the first and third quarter results are generally lower than the results of the second and fourth quarters. It attributes the decline in production revenues to two reasons – (1) DQEIL had completed and delivered a number of projects by March 2014, and final deliveries were done in April 2014. Commissioning of new projects did not get completed by April 2014, as has been the global trend. However, DQEIL assures that the commissioning of new projects has commenced and invoicing of the same will be done only on completion of milestones. (2) Out of DQEIL’s current on-going projects, four are in-house IP, for which distribution revenue would be recognised on milestone delivery basis.
MUMBAI: History is getting a fresh rewrite this time with code, creativity and a longer arc in mind. Lens Vault Studios has announced its first original production, Bal Tanhaji, marking the official entry of the newly launched, tech-driven studio into India’s evolving entertainment landscape.
Arriving six years after the box-office success of Tanhaji: The Unsung Warrior, the new project expands the universe rather than revisiting familiar ground. Bal Tanhaji explores uncharted narrative territory, signalling a clear shift from one-off cinematic spectacles to long-format, world-building storytelling designed for digital-first audiences.
At the heart of this ambition is Prismix Studios, the in-house generative AI and technology arm powering the creative engine behind the show. The studio’s approach blends storytelling with next-generation tools, aiming to reimagine how Indian IPs are created, scaled and sustained beyond theatrical releases.
For Lens Vault Studios chairman Ajay Devgn the new venture represents a deliberate step beyond traditional cinema. The focus is firmly on building long-form intellectual properties across fiction and non-fiction, tailored to changing viewing habits and platform-led consumption. He said the studio intends to explore formats that remain largely untapped, while drawing on the team’s experience with large-scale cinematic storytelling.
Lens Vault Studios founder and CEO Danish Devgn echoed that sentiment, describing Bal Tanhaji as the studio’s first generative-AI-led IP and the starting point of a broader vision. The aim, he noted, is to carry forward the legacy of the Tanhaji universe while connecting with younger audiences through a blend of powerful narratives and emerging technologies.
With Bal Tanhaji, Lens Vault Studios is planting its flag early not just launching a show, but signalling a larger play for cinematic universes that live, grow and evolve across platforms. If this debut is any indication, the future of Indian storytelling may be as much about imagination as it is about innovation.
