MONTREAL, Aug. 26 /CNW Telbec/ - Mrs Karine Martin, President of
Mediabiz International is pleased to announce the participation of
Fondaction, the Development Fund of the CSN, in a financing round that
will allow Mediabiz International to continue the growth of its TV,
movie and multi-platform production division.
« Mediabiz is particularly pleased to receive the support of Fondaction
as we embark on a growth phase of our production division. », stated
« Through strategic alliances with renowned international partners
forged over the past 10 years, Mediabiz International has grown into a
unique one-stop-shop. Fondaction's financial support demonstrates our
faith in Mediabiz's vision and expertise to make its production division
produce significant dividends for Quebec. », indicated Réjean Watier,
Head of Investments at Fondaction.
Mediabiz's annual production volume already totals close to $100
million : animated tv series, telepics and movie projects with the most
creative players in Hollywood and beyond.
MEDIABIZ INTERNATIONAL, founded in 2000, started out in international
financial structures for the entertainment industry. In 2009, the
company sought to strenghthen its positioning in the industry. The
goal : build a Quebec-based entity into a one-stop-shop with financial
expertise, as well as development, pre-production, production and
post-production, for tv and movie projects. Mr. Ronald Gilbert, an
industry veteran with more than 25 years experience and who has worked
with major canadian, US and international broadcasters and producers,
has joined the Mediabiz team as Vice President and Head of Production.
Created 15 years ago, Fondaction invests in venture capital in order to
maintain and create quality jobs in Québec, in a sustainable development
perspective. It manages $700 million in assets derived from retirement
savings collected from 100,000 shareholders. It is the financial partner
of about one hundred SMEs and partner and specialized funds. It favours
enterprises that subscribe to a participatory management process,
enterprises in the social economy (employee-controlled, cooperatives,
etc.) and those that practice environmental stewardship.
SOURCE MEDIABIZ INTERNATIONAL
For further information: For further information:
The contact numbers below are to be used exclusively by the media.
Source: Mediabiz International
Marie-Christine Demers, Cohn & Wolfe | Montreal, for Mediabiz International
Suzanne La Ferrière, Communications, Fondaction,