Toonz Starts its Canadian Operations

Sets up Toonz Entertainment Global, Canada in Partnership with Montreal-based Mediabiz International

TRIVANDRUM, India, November 16, 2010 - Technopark-based animation major Toonz has announced that it
has set up its new production unit in Canada- Toonz Entertainment Global in
association with Mediabiz International, Canada. TEG, Canada will concentrate
on producing both animation and live action properties.

"The decision to set base in Canada stems from the growing
co-operation between the North American production houses and Asian
counterparts. It will help leverage the cost arbitrage of Asia vis-à-vis the
conducive production ecosystem in Canada. The partnership with an established
house like Mediabiz makes Toonz one step nearer to being an established
global player," said P. Jayakumar, CEO, Toonz Group.

"Mediabiz is committed to partnering in a slate of projects
with world-renowned production and distribution partners. The association
with Toonz aims to offer a combination of top production expertise on all
platforms as well as potential high capital investments to participate in the
co-financing and co-production of world-class brands," said Karine Martin,
President & CEO of Mediabiz.

The current projects that are in the pipeline include the
iconic Speed Racer TV Series (Season.2) and HTDT (TV Series) both budgeted at
6.2 million USD each. TEG, Canada aims to invest in projects worth USD 200
million in the next three years.

About Toonz

Toonz Entertainment specializes in the production, world-wide
sales and distribution of animated feature films, direct to video content and
television series. Toonz Animation India Pvt. Ltd a major provider of
animation to the top US and European producers, is one of South Asia's most
admired animation studios. Founded in 1999, Toonz's client list includes the
biggest names in media and entertainment like Marvel, Hallmark, Paramount,
Disney, BBC and Cartoon Network.

www.toonzanimationindia.com , www.toonzentertainment.com

About MEDIABIZ

Mediabiz International is an integrated one-stop-shop player,
able to take a project from script to screen, with a multidisciplinary team
with expertise from financing to post-production. Based in Montreal, Mediabiz
offers the combination of top production expertise on all platforms, as well
as potential high capital investment to participate in the co-financing and
co-production of slates of projects with world renowned production and
distribution partners. Mediabiz is also specialized in developing and
implementing monetization strategies for multiplatform content.

www.mediabizinternational.com

    Media Contact
    Divas Sadasivan
    divas@toonzanimationindia.com
    +91-989-540-2016 (M)

    Frederic Guarino
    fguarino@mediabizinternational.com
    +1-514-826-6319 (M)

Media Contact: Divas Sadasivan, divas at toonzanimationindia.com, +91-989-540-2016 (M); Frederic Guarino, fguarino at mediabizinternational.com, +1-514-826-6319 (M)