Quebecor has picked up a minority stake in ComediHa!, which is looking to use the investment to help propel its growth throughout Québec and internationally.
“This is great news not only for ComediHa! and its employees but for the entire comedy industry and the people who work in it,” said Sylvain Parent-Bédard, founding president and CEO of ComediHa! “Within the past few months, we have adopted a strategic plan to help us tackle the many challenges that are transforming the global entertainment industry. Quebecor’s arrival will be a powerful driver for our growth and enable ComediHa! to position itself as a comedy industry leader in Québec and the French-speaking world. The new synergies with Quebecor and the Fonds de Solidarité FTQ [a minority shareholder since 2012] will enable us to export more Québec cultural content internationally and create new opportunities and better support for artists in our industry.”
“Quebecor is proud to team up with ComediHa!, an organization that is growing at a remarkable pace and has become one of the most influential players in the booming comedy industry,” said Pierre Karl Péladeau, president and CEO of Quebecor. “Together, we will be able to strengthen our positioning in the entertainment industry and leverage our complementary activities to create more new content for more platforms. It will be a pleasure to work with Sylvain Parent-Bédard, a creative and visionary entrepreneur, and his team.”
Since it was founded in 1997, ComediHa! has produced over 3,000 live shows and more than 500 television shows.