The Jungle Book is the first of three classic titles set to be developed and produce by India-based animation house DQ Entertainment Ireland Ltd, which kicked off its theatrical features business last year with The Prodigies for Warner Bros, Onyx Films and Fidélité Films in France. Its first film under its new feature division, which it announced today, will be based on the Rudyard Kipling tale, a $45 million stereoscopic 3D animated film already in production and targeted for a 2014 release. Animation vets Jun Falkenstein and Kevin Johnson are co-directing a script by Madagascar writer Billy Frolick. Pre- and post-production will be based in LA, with animation to be handled at DQE’s Hyderabad, India, headquarters. DQE chairman and founder Tapaas Chakravarti is producing. Rollman Entertainment CEO Eric Rollman, a former president of Marvel Animation and Saban/Fox Family Productions, and DQE’S VP Intellectual Property Rouhini Jaswal are executive producing. “By leading off our slate with a 3D stereoscopic version of The Jungle Book, a classic and universally beloved story based in India, our home country, we’re making a bold statement to the industry — that DQE is committed to put the creative, technical and financial resources together to produce compelling, high-quality animation for all distribution channels,” Chakravarti said in a release.