C$ 130M investment planned and 300 jobs created over 3 years
MONTREAL — (BUSINESS WIRE) — September 15, 2016 — French company ON Entertainment, an internationally recognized leader in film and animation, today announced the opening of its North American studio in Montréal. The new subsidiary, ON Animation Studio, Montréal, plans to hire 300 animation specialists over the next three years.
ON intends to increase production to one feature-length animated film every two years by investing in innovative, cutting-edge technology.
“Our new Montréal studio gives us a foothold in North America and provides us with the resources we need to ramp up production and extend our reach with films intended for international release,” said Thierry Pasquet, Co-founder of ON Entertainment. “Montréal is a magnet for global talent and has a rich pool of creative minds,” he added.
ON Entertainment’s portfolio of iconic brands includes Antoine de Saint-Exupéry’s The Little Prince, a feature-length film produced in Montréal in partnership with a local studio.
In addition to receiving funds for the project from the governments of Québec and Canada, totalling close to C$ 5 million, ON Entertainment also benefited from the support and expertise of Montréal International, Greater Montréal’s investment promotion agency.
“By opening a studio in Montréal, ON Entertainment helps enhance the value proposition of the city’s animation and special effects industry, which currently ranks fourth in the world,” said Hubert Bolduc, President and CEO of Montréal International.
Greater Montréal is already home to close to 40 studios accounting for 3,000 jobs in the special effects and animation industry.
About ON Entertainment (
www.onanimationstudios.com/)
ON
Entertainment produces world-class films by attracting top talent and
securing substantial funding to create iconic brands.
The Company brings together creators and partners to develop brands across multiple platforms, including film and animation, cinema and television, and merchandising.
About Montréal International (
www.montrealinternational.com)
Established
in 1996, Montréal International is a non-profit organization funded by
the private sector, the governments of Canada and Québec, the Communauté
métropolitaine de Montréal and the City of Montréal. Its mission is
to attract foreign investment, international organizations and skilled
talent to Greater Montréal.
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