Nintendo eyeing filmmaking for growth after Mariners sale + MORE May 16th

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O Globo said the government is considering partial sales of tranches in Correios, Brazil’s mail carrier, and the Casa de Moeda, the national mint

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OTTAWA – The Trudeau government’s newfound enthusiasm about a big Montreal transit proposal has given Canadians a glimpse at one way Ottawa could fund billions in public infrastructure, like roads, bridges and rail, over the long haul.
In recent days, senior Liberals have been talking up an unusual funding model for the $5.5-billion light-rail plan for Montreal, calling for a partnership that includes Ottawa and a public pension fund.
The idea was put forward by Quebec’s massive public pension fund manager, which recently announced its proposal to build a large electric rail network connecting Montreal to its suburbs.
The fund, the Caisse de depot et placement du Quebec, is prepared to pump $3 billion into the project — and it wants the provincial and federal governments to kick in the rest.
A subsidiary of the Caisse would operate the rail network and gradually recoup the pension plan’s investment through user fees. Eventual profits would be funnelled into Quebecers’ public nest egg — the Quebec Pension Plan — which is managed by the Caisse…

Continue Reading On canadianbusiness.com »

TOKYO – Japanese video game maker Nintendo Co. is eyeing the movie business for growth.
Company spokesman Makoto Wakae said Monday details are undecided but the work might be a theatre release or a DVD.
He says Nintendo wants to make its own film content starring its game characters, such as Super Mario, rather than licensing them as it has done in the past with its Pokemon movies.
Nintendo won’t become a full-fledged film studio, but filmmaking is one area it has chosen for future investment of proceeds from selling its stake in the major league Seattle Marines, planned for later this year.
The Japanese daily newspaper Asahi reported Monday that Nintendo’s work might be 3-D animation. It said Nintendo is in talks with various film companies on a possible partnership.
The post Nintendo eyeing filmmaking for growth after Mariners sale appeared first on Canadian Business – Your Source For Business News.

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