DQ Entertainment spurts on inking new agreements at Cannes MIPTV

DQ Entertainment (International) is currently trading at Rs. 30.80, up by 2.80 points or 10.00% from its previous closing of Rs. 28.00 on the BSE. The scrip opened at Rs. 29.20 and has touched a high and low of Rs. 30.80 and Rs. 28.20 respectively. So far 51423 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 50.30 on 02-Jan-2014 and a 52 week low of Rs. 5.65 on 27-Jun-2013. Last one week high and low of the scrip stood at Rs. 29.50 and Rs. 27.90 respectively. The current market cap of the company is Rs. 244.19 crore. The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 4.72% and 20.28% respectively. DQ Entertainment (DQE), a leading animation, gaming, live action, entertainment production and distribution group, has concluded a number of TV co-production and licensing deals at MIPTV - the world’s annual entertainment and content market conference - held in April 2014. The gross value of the co-production and licensing deals agreed is approximately $48 million amounting Rs 288 crore, of which circa $12.8 million amounting Rs 76.80 crore is the revenue expected to be accrued to DQE over the current fiscal year and the next, subject to milestones. Various TV co-production/service production and licensing and distribution deals were concluded for DQE properties. Overall MIPTV ‘14 was hugely successful for DQ Entertainment with a large number of deals concluded by the licensing and distribution team for television, home video, VOD, SVOD, music publishing and promotional merchandise. DQE is one of the leading producers of animation, visual effects, game art and live action entertainment content for the global media and entertainment industry. DQE has a library of over 500 hours of international programs for distribution and licensing globally for TV, home entertainment, merchandising and publishing is on fast track.