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The 52-episode television series, called “Project Ultraman”, is a joint venture between Chaiyo Productions, which holds about 50 per cent in the project, Apex Toys Co Ltd which holds a 10-per-cent share, and the Chinese toy-maker Ruishi Culture Developing Co Ltd, which has about 40 per cent. Chaiyo expected to realise at least one billion baht (USD$ 25.4 million) from the Ultraman character next year, including gains from merchandise and advertising on TV.