DQE & Gaumont-Alphanim Sign Production Agreement

HYPERBAD: DQ Entertainment has entered into a co-production agreement with Gaumont-Alphanim that kicks off with the creation of a third season of Galactik Football.

With an estimated production budget of 6.9 million euros, DQE and Gaumont-Alphanim have an additional three projects under discussion. The two companies have already teamed up on Delta State and Potatoes and Dragons.

Tapaas Chakravarti, the chairman and CEO of DQE, commented: "This is the beginning of a new and exciting era with Gaumont-Alphanim, starting with Galactik Football 3. By combining production, distribution, licensing and global networking capabilities we believe today’s announcement is a significant strategic step for DQE but at minimal risk to our business model. Gaumont is virtually the oldest cinema and event group in [France] and enjoys an unchallenged reputation in our industry."  

Clement Calvet, the CEO of Gauomont-Alphanim, said: "We want the best for Galactik Football and we are glad that DQE has agreed to join us. Together with DQE, I have no doubt that we’ll deliver a great show for kids all over the world premiering in June 2010 for the next World Cup."