TORONTO, Dec. 23 /CNW/ - Pinewood Toronto Studios (http://www.pinewoodtorontostudios.com), Canada's largest purpose-built film and TV studio complex, will use a $34.5-million financing arrangement to secure the studio's long-term growth and enhance the City of Toronto's ability to attract big-budget films and TV projects, as well as help strengthen Toronto's role as one of the world's great production centres.
This investment in vital, long-term Ontario film and television infrastructure will support Pinewood Toronto Studios, Ontario's premier studio complex, in attracting large-scale production work that would not otherwise be drawn to Toronto.
Pinewood Toronto Studios Chairman Paul Bronfman says, "Toronto is one of a handful of truly exceptional production capitals. This repayable loan will benefit every Ontarian, as well as the film and TV industry throughout the city and province. The ripple effect to the broader Ontario economy will be enormous."
The financing will permit improvements to Pinewood Toronto Studios facilities, strengthening and propelling its ability to attract bigger and more specialized film and television projects. Among the films and TV series shot at Pinewood Toronto Studios over the last two years are: Battle of the Blades, Scott Pilgrim Vs. The World, The Thing, Devil, Dream House and Chloe.
The loan, provided by Infrastructure Ontario and facilitated by Build Toronto, was secured by the Pinewood Toronto Studios Board of Directors and received unanimous approval earlier this month.
About Pinewood Toronto Studios:
Pinewood Toronto Studios is a film and TV studio complex located in the Port Lands, just minutes from downtown Toronto. Pinewood Toronto Studios has seven new and purpose-built soundstages, including the Mega Stage, the largest purpose-built studio in North America. The Pinewood Toronto community will ultimately grow to include space for ancillary businesses like post-production companies, union and guild offices, film schools and entertainment services for these businesses. For more information, visit www.pinewoodtorontostudios.com.
For further information: For further information:
H2 Central Marketing and Communications
Phone: 416-862-2800 x268