In a deal that smacks of selling coal to Newcastle, AIM-listed global entertainment company DQ Entertainment has sold its animated series 'The Jungle Book' to Disney XD, a digital cable and satellite television network owned by The Walt Disney Corporation.
The three-dimensional high definition series, based on the writings of British writer Rudyard Kipling, will receive its premire in the US on June 11th.
"Mowgli and his friends have found their rightful home and we are confident that they will continue to enthral audiences in their new CGI [computer generated imagery] avatars," said Tapaas Chakravarti, the Chairman & Chief Executive Officer of DQE Group.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The shares rose 2.5p to 40.5p on the news.
JH
-
ScottishPower launches half-price electricity at weekendsNews ScottishPower is offering 50% off electricity at weekends, which could slash hundreds off your bill. We look at who can get it and how to apply
-
Trump calls “tariff” the “most beautiful word in the dictionary”, but investors may disagreeDonald Trump has promised to slap Mexico, Canada and China with new tariffs on day one of his presidency. What does it mean for the economy and investors?
