Not sure if this is the right time to talk about an India listing. The Telegraph reports that DQ Entertainment, the Hyderabad based animation co which listed on Londons AIM, has said they might list in the Indian market in the second quarter of next year. DQE had raised $56 million from its AIM listing.
They’ve announced a bunch of initiatives recently, particularly on the content IP acquisition front. Among them – a tie-up between France’s M6 Studio and Method Animation SA (in which DQ owns 20 percent) for an animated series based on the French cartoon Le petit Nicolas (Little Nick). DQE also acquired the rights to a detective series penned by Satyajit Ray, called Mysteries of Pheluda, to be made into 2D and 3D animated series. Chairman and CEO Tapas Chakravarty told ET that they’re also looking at creating animated content around novels by Sukumar Ray and Bankim Chandra Chattopadhyay, among others.
Apart from this, the company has also announced plans to invest Rs. 200 crores in a comics publishing business; to this end, they’ve announced a tie up with American Greetings for comics. DQE has also expanded operations to West Bengal, with a Kolkata Production Center, which will focus on producing feature films, TV serries and Game deelopment for console and online games.