DQ Entertainment (DQE), a leading animation, gaming, live action, entertainment production and distribution group, has reorganized its French sister company ‘Method Animation’, in which it holds a 20% equity stake. Method Animation has joined with Onyx Films and Chapter 2, to create On Entertainment Group which will be the holding company for the three French subsidiary companies.
The combined production portfolio’s, library of titles and group revenues immediately places the enlarged French group as one of the leading animation and film production companies in Europe. The new On Entertainment group has revenues of €34m and an operating profit of €5.2m. DQ Entertainment plc will continue to hold a 20% stake in Method Animation.
On Entertainment is forecasting rapid growth over the next five years, and has carried out a capital increase that 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.
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.
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| Saregama India | 343.60 |
| Shemaroo Entertain. | 106.11 |
| Balaji Telefilms | 95.26 |
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