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
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
