DQ Entertainment announces licensing deal with Walmart

AIM-listed animation and entertainment production company DQ Entertainment has unveiled a number of new licensing and merchandising deals concluded during the quarter ended March 2013.

AIM-listed animation and entertainment production company DQ Entertainment has unveiled a number of new licensing and merchandising deals concluded during the quarter ended March 2013.

In a quarterly operational update, the company said that the most significant of these was signed by DQ Entertainment's licensing agent in the USA, SMC Entertainment Group (SMC).

SMC, in collaboration with the home-video distribution licensee Phase4 Films, has secured the rights for the launch of The Jungle Book DVDs in all Walmart stores across the USA and Canada.

Other new licensing and merchandising agreements included Bendon Publishing for colouring, activity and story books in the USA and Canada, PlayWow International for inflatable toys and Rotomolded toys in the USA, South Africa and Australia and a promotional tie-up with Norton anti-virus software provider in the USA.

Tapaas Chakravarti, Chairman and Chief Executive Officer of DQ Entertainment, said: "We are successfully exploiting the Jungle Book franchise across multiple geographies and multiple product lines.

"Based on the success of our Jungle Book TV series - which is validated by the quality of partners it has attracted globally - we continue to exploit the revenue potential from licensing of our other properties such as 'Peter Pan', 'Robin Hood' and '5 and IT'."

DQ Entertainment's share price was down 2.67% to 18.25p at 12:50 on Thursday.

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

How the stamp duty holiday is pushing up house prices
Stamp duty

How the stamp duty holiday is pushing up house prices

Stamp duty is an awful tax and should be replaced by something better. But its temporary removal is driving up house prices, says Merryn Somerset Webb…
25 Sep 2020
The electric-car bubble could get an awful lot bigger from here
Renewables

The electric-car bubble could get an awful lot bigger from here

The switch to electric cars is driving a huge investment bubble. But that’s not necessarily a bad thing, says John Stepek. Fortunes will be made and l…
24 Sep 2020
Can Rishi Sunak’s winter plan save the UK economy?
UK Economy

Can Rishi Sunak’s winter plan save the UK economy?

With his Winter Economic Plan, chancellor Rishi Sunak is hoping to support the economy through the dark months ahead as restrictions tighten again. Jo…
25 Sep 2020