Thursday, 18 October 2012

DQE Soars on inking $6m Production

DQ Entertainment (DQE) is currently trading at Rs. 23.50, up by 0.85 points or 3.75% from its previous closing of Rs. 22.65 on the BSE. The scrip opened at Rs. 23.00 and has touched a high and low of Rs. 23.65 and Rs. 22.30 respectively.

So far 88642 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 35.50 on 26-Oct-2011 and a 52 week low of Rs. 17.40 on 04-Sep-2012. Last one week high and low of the scrip stood at Rs. 23.65 and Rs. 19.80 respectively. The current market cap of the company is Rs. 184.73 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 9.63% and 15.37% respectively. DQ Entertainment (DQE), the global entertainment company, has inked several new production, distribution and licensing agreements at the recently concluded MIPCOM, Cannes - the world market for TV & Media.

The company estimates that approximate $6m revenue will be generated over the next 2 years from these various agreements. The company has inked production agreements for ‘Raz & Benny’ with Foothill - Europe and ‘Little Prince’ season 3 with Method Animation - France.

Besides, the company has inked Licensing, distribution and co-production agreements with Global TV, Indonesia which acquired multiple properties from DQE for free TV broadcast in Indonesia.

The company has also inked agreement with JCCTV, Aljazeera’s kids channel which acquired the broadcast rights of 4 properties from DQE. DQE has a library of over 500 hours of international programs for distribution and licensing globally for TV. [ Via ]

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