16th Oct 2014 12:09
LONDON (Alliance News) - DQ Entertainment PLC Thursday said it has agreed principle terms on a co-production deal with Italian public broadcaster Rai Com for an animated series called "Pio The Chick".
The principle terms of the deal were agreed between the two companies at the MIPCOM event in Cannes, and DQ said it expects the final terms of the agreement to be signed imminently.
It is the first time Rai Com has entered into a production agreement of original content as a purely commercial venture, DQ added.
The series follows the adventures of Pio, a plucky little chick, and his friends. It is based on a Brazilian children's song.
DQ Entertainment shares were untraded on Thursday. The stock last traded at 9.5 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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