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New deal aims to preserve east Toronto studio space
Saturday December 23rd 2017Even if it changes hands, an east Toronto film studio will continue to be an active place where movie and TV shows are filmed and produced.
The City of Toronto is in the process of negotiating a purchase agreement with Canada Post to buy the former Showline Studios at 915 and 945 Lake Shore Blvd. E., just east of Carlaw Avenue.
Recently, Toronto City Council lent its support to keeping Showline Studios, which has 32,000 square feet of studios, as an active studio complex in the port lands. A number of international productions, notably X-Men, My Big Fat Greek Wedding, Spotlight and Kim’s Convenience, have been produced/filmed at the local studios.
Back in October, council directed the City of Toronto via the Toronto Port Lands Company (TPLC) to purchase the Canada Post-owned property. The Crown corporation entered into a purchase agreement for the complex through a competitive process and intended to turn it into a parcel distribution centre. That deal closed on Nov. 17.
The City of Toronto is now working to complete the transaction with Canada Post as soon as possible and is aiming to open three studios there for movie and TV productions.
Further, it is also working to find a new manager and/or user operator to lease the film studios and ultimately is aiming to complete a sale of the studio business and property.
According to a Dec. 7 release, this short-term investment is being done to keep valuable studio space for Toronto’s film and television industry.
Additionally, the TPLC is working to negotiate a parallel sale of surplus land in the port lands to Canada Post. More details will be made available once the deal is finalized.
This transaction is part of Toronto’s Strategic Action Plan for the industry, which called for immediate actions to preserve existing studio spaces when possible and to create new opportunities for new studio-related infrastructure and meet the growing demand for location filming.
A major economic driver for Toronto, the film, TV, and digital media industry brought in $2.01 billion in revenue in 2016.
Source: Inside Toronto
Front Page, Headline, Industry News
New deal aims to preserve east Toronto studio space
Saturday December 23rd 2017Even if it changes hands, an east Toronto film studio will continue to be an active place where movie and TV shows are filmed and produced.
The City of Toronto is in the process of negotiating a purchase agreement with Canada Post to buy the former Showline Studios at 915 and 945 Lake Shore Blvd. E., just east of Carlaw Avenue.
Recently, Toronto City Council lent its support to keeping Showline Studios, which has 32,000 square feet of studios, as an active studio complex in the port lands. A number of international productions, notably X-Men, My Big Fat Greek Wedding, Spotlight and Kim’s Convenience, have been produced/filmed at the local studios.
Back in October, council directed the City of Toronto via the Toronto Port Lands Company (TPLC) to purchase the Canada Post-owned property. The Crown corporation entered into a purchase agreement for the complex through a competitive process and intended to turn it into a parcel distribution centre. That deal closed on Nov. 17.
The City of Toronto is now working to complete the transaction with Canada Post as soon as possible and is aiming to open three studios there for movie and TV productions.
Further, it is also working to find a new manager and/or user operator to lease the film studios and ultimately is aiming to complete a sale of the studio business and property.
According to a Dec. 7 release, this short-term investment is being done to keep valuable studio space for Toronto’s film and television industry.
Additionally, the TPLC is working to negotiate a parallel sale of surplus land in the port lands to Canada Post. More details will be made available once the deal is finalized.
This transaction is part of Toronto’s Strategic Action Plan for the industry, which called for immediate actions to preserve existing studio spaces when possible and to create new opportunities for new studio-related infrastructure and meet the growing demand for location filming.
A major economic driver for Toronto, the film, TV, and digital media industry brought in $2.01 billion in revenue in 2016.
Source: Inside Toronto
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Front Page, Headline, Industry News
New deal aims to preserve east Toronto studio space
Saturday December 23rd 2017Even if it changes hands, an east Toronto film studio will continue to be an active place where movie and TV shows are filmed and produced.
The City of Toronto is in the process of negotiating a purchase agreement with Canada Post to buy the former Showline Studios at 915 and 945 Lake Shore Blvd. E., just east of Carlaw Avenue.
Recently, Toronto City Council lent its support to keeping Showline Studios, which has 32,000 square feet of studios, as an active studio complex in the port lands. A number of international productions, notably X-Men, My Big Fat Greek Wedding, Spotlight and Kim’s Convenience, have been produced/filmed at the local studios.
Back in October, council directed the City of Toronto via the Toronto Port Lands Company (TPLC) to purchase the Canada Post-owned property. The Crown corporation entered into a purchase agreement for the complex through a competitive process and intended to turn it into a parcel distribution centre. That deal closed on Nov. 17.
The City of Toronto is now working to complete the transaction with Canada Post as soon as possible and is aiming to open three studios there for movie and TV productions.
Further, it is also working to find a new manager and/or user operator to lease the film studios and ultimately is aiming to complete a sale of the studio business and property.
According to a Dec. 7 release, this short-term investment is being done to keep valuable studio space for Toronto’s film and television industry.
Additionally, the TPLC is working to negotiate a parallel sale of surplus land in the port lands to Canada Post. More details will be made available once the deal is finalized.
This transaction is part of Toronto’s Strategic Action Plan for the industry, which called for immediate actions to preserve existing studio spaces when possible and to create new opportunities for new studio-related infrastructure and meet the growing demand for location filming.
A major economic driver for Toronto, the film, TV, and digital media industry brought in $2.01 billion in revenue in 2016.
Source: Inside Toronto
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