The total budget for the production of the nine series will be no less than US dollars 28 million, with a contribution by Abu Dhabi Media equal to 50% of the applicable budget that means not less than US dollars 14 million.

This is the greatest agreement signed by Mondo tv's group, and is the first deal of the kind for Mondo TV Group which looks forward to building a long term relationship with Abu Dhabi Media

Rome, 3 February 2015:Mondo TV Suisse S.A., a member of Mondo TV Group, and Abu Dhabi Media Company, that operates across the broadcast, publishing, and digital media sectors in the United Arab Emirates and in the Arab world, have reached an agreement for the production in the next three years of nine animated TV series, each of 52 episodes of approximately 15 minutes length.

The series will be focused on three properties, already successful in the Emirates in the publishing sector, and namely Majed, Ammouna and Casslan: each property will be subject of three series to be developed together by the Parties.

While the parties agreed that the first series for each property will be developed and produced in 2D, the possible sequels may be developed also in 3D: for these reason, the overall budget of production may not be less than US dollars 28 million, depending on whether and how many series will be produced in 3D, being the budget for 3D projects higher than for 2D.

Abu Dhabi Media will contribute to the budget by financing the production in an amount equal to 50% of the same.

Matteo Corradi, CEO of the holding company Mondo TV S.p.A., stated: "We are so honoured to be partnering with Abu Dhabi Media on this wonderful projects. We will match our expertise and the great creative and diffusion possibilities of Abu Dhabi Media to confirm and even strengthen the success of Majed, Ammouna and Casslan in the Arab world, and bring them to an international brand awareness. It's the first deal of the kind for our group and we look forward to building a long term relationship with Abu Dhabi Media".

Abu Dhabi Media Company is one of the fastest growing, multi-platform media and entertainment organizations in the Middle East, operating across the broadcast, publishing, and digital media sectors. The company manages 22 market-leading brands in two categories: brands that serve the UAE through a defined public service role; and brands that target the wider Arab world with clear commercial objectives. As the only media company in the UAE with brands across the entire spectrum of the industry, Abu Dhabi Media performs an important public service by providing media that entertains, informs and educates our local community. Fulfilling this responsibility are local brands such as daily newspapers Al Ittihad and The National, television and radio stations Abu Dhabi Al Emarat TV, Abu Dhabi Sports TV (free-to-air), Quran Kareem, Emarat FM, Abu Dhabi FM, Star FM, and the children's magazine Majid. For further information please visit http://www.admedia.ae/about-us/

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