Felix & Paul Studios Secures Strategic Financing for Largest Production Yet
Felix & Paul Studios, the Emmy Award-winning immersive entertainment pioneer, has secured financing for its most ambitious project to date. The company has attracted support from Export Development Canada (EDC), The Bank for Canadian Entrepreneurs (BDC), the Société de développement des entreprises culturelles (SODEC), and National Bank of Canada’s Creative Industries Group.
The funding will be used to develop a groundbreaking location-based virtual reality (VR) experience based on a brand-new intellectual property (IP). Set to launch in 2025, this project represents a significant step forward for Felix & Paul Studios in the entertainment and extended reality (XR) industries.
Stéphane Rituit, CEO of Felix & Paul Studios, expressed his gratitude for the support of these financial partners. He acknowledged their vital role in enabling the studio’s pioneering work in the immersive entertainment market. The backing of EDC, BDC, SODEC, and National Bank of Canada represents a strong endorsement of the studio’s vision and its potential to reshape the entertainment landscape.
Over the past decade, Felix & Paul Studios has earned acclaim for its innovative VR productions, including the Emmy Award-winning Space Explorers series. The studio has also made significant contributions to the evolution of location-based VR through its popular tour of Space Explorers: THE INFINITE, attracting hundreds of thousands of spectators annually. Now, with plans to expand to Europe, Asia, and the Middle East, the studio is poised to further solidify its position as a leader in the industry.
With a commitment to pushing the boundaries of immersive entertainment, Felix & Paul Studios believes that technology can revolutionize storytelling and open up new avenues for artistic expression. The studio’s portfolio includes the first-ever cinematic VR experience, Strangers with Patrick Watson, as well as collaborations with industry giants such as Cirque du Soleil, Universal Studios, and the Obamas.
The latest financing round serves as a testament to Felix & Paul Studios’ strong track record and its dedication to innovation. With the support of its financial partners, the studio is well-positioned to continue creating groundbreaking virtual, augmented, and mixed reality experiences that captivate audiences worldwide.
Analyst comment
Positive news: Felix & Paul Studios secures strategic financing for its largest production yet. This will help develop a groundbreaking location-based VR experience, solidifying their position as an industry leader. With a track record of innovation, the studio is well-positioned to captivate audiences worldwide.
