MONTRÉAL, April 7, 2016 /CNW Telbec/ - Caisse de dépôt et placement du Québec is investing $18 million for the creation of a new entity of Moment Factory, an internationally recognized entertainment leader based in Montréal. This new entity will be dedicated to permanent multimedia infrastructure projects.
Well known for multimedia environments that have drawn much attention globally, Moment Factory will be setting up its creative projects more permanently in large public spaces such as airports, shopping centres, casinos, stadiums and arenas, to enliven these urban landmarks and enhance their architecture.
"This investment is another example of our strategy to encourage innovative Québec companies to expand in new markets. This partnership will allow Moment Factory to move forward with its global growth plan and captivate even more audiences with its creative projects," said Christian Dubé, Executive Vice-President, Québec.
"Over the years, Moment Factory has set itself apart through its creativity and innovativeness in the multimedia environment industry. With la Caisse's investment, we will be able to propose integrated and permanent multimedia solutions worldwide," added Éric Fournier, Partner and Executive Producer of Moment Factory.
The new entity's team is already at the drawing board, currently working on projects to be announced in the near future.
To date, Moment Factory has created more than 350 shows and destinations worldwide for such high-profile clients as Cirque du Soleil, Nine Inch Nails, Madonna, Disney, Microsoft, Sony, the Sagrada Familia in Barcelona, and Los Angeles International Airport. The company is staffed by more than 150 employees, who work in its head office in Montréal and its offices in Los Angeles, London and Paris.
ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2015, it held $248.0 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure and real estate. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.
SOURCE Caisse de dépôt et placement du Québec
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