Felix & Paul Studios, a trailblazer in immersive entertainment, has announced a major funding initiative for its most ambitious project to date. The Montreal-based company has secured financial support from Export Development Canada (EDC), the Business Development Bank of Canada (BDC), the Société de développement des entreprises culturelles (SODEC), and the Creative Industries Group of the National Bank of Canada. This strategic funding will pave the way for the production of a groundbreaking location-based virtual reality (LBVR) experience, set to be released in 2025.
The backing from these creative financial partners underscores the significant role Felix & Paul Studios plays in the immersive entertainment market. “We are proud to have the support of influential partners like EDC, BDC, SODEC, and the National Bank of Canada’s Creative Industries Group,” said CEO Stephan Ritou. “Their support strengthens our commitment to advancing digital entertainment. Space Explorers: THE INFINITE has demonstrated the potential of location-based VR both in terms of its economic performance and its popularity. As we embark on our most ambitious venture to date, we are shaping the future of our Studio.”
Over the past decade, Felix & Paul Studios has garnered acclaim for its innovative VR productions, including the Emmy-winning series Space Explorers. They have also been instrumental in shaping the future of LBVR with their critically acclaimed project, Space Explorers: THE INFINITE. This traveling VR experience has captivated audiences across North America and is set to expand into Europe, Asia, and the Middle East.
This high-level funding round signifies a strong vote of confidence in the Studio’s vision and its ability to redefine the entertainment landscape.
Q: What project has Felix & Paul Studios announced?
A: Felix & Paul Studios has announced a location-based virtual reality (LBVR) experience set to be released in 2025.
Q: Which companies provided funding for the project?
A: Funding was provided by Export Development Canada (EDC), the Business Development Bank of Canada (BDC), the Société de développement des entreprises culturelles (SODEC), and the Creative Industries Group of the National Bank of Canada.
Q: What is the significance of this support?
A: This support reinforces Felix & Paul Studios’ commitment to advancing digital entertainment and expanding the Studio.
Q: What was Felix & Paul Studios’ previous successful VR experience?
A: Felix & Paul Studios’ previous successful VR experience was Space Explorers: THE INFINITE, a location-based VR experience that has demonstrated its potential.
Q: What other collaborations does the Studio have?
A: The Studio has collaborations with industry leaders and innovators such as Cirque du Soleil, Universal Studios, and the Obamas.
– VR: Virtual Reality – A technology that creates a virtual environment in which users can interact and experience.
– LBVR: Location-Based Virtual Reality – A type of VR that is developed and offered in specific locations or exhibitions.
– EDC: Export Development Canada – An organization that provides financing and advising to companies for exports.
– BDC: Business Development Bank of Canada – A bank that provides financing and advisory services to Canadian businesses.
– SODEC: Société de développement des entreprises culturelles – An agency that provides financial support to cultural enterprises in Canada.
– XR: Extended Reality – A collective term referring to technologies such as VR, AR (Augmented Reality), and MR (Mixed Reality) that blend real and virtual worlds.
– Felix & Paul Studios Website
– Space Explorers Website