DQ sells 'The Jungle Book' to Disney

30th May 2012 13:46

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 première 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.The shares rose 2.5p to 40.5p on the news. JH