TORONTO’S FILM BUSINESS IS GOING UP – WAY UP – SOON SUPPORTING EVEN MORE SCREEN INDUSTRY

< Artist rendering above, BMH, Basin Media Hub>From VARIETY – Toronto, Canada’s metropolis, home to 1.9-million, known for feature film production, celebrated series, and opening Canadian headquarters this year by Netflix. There’s more coming. Hackman Capital Partners (HCP) and its affiliate, the MBS Group, have won the request to build a major new $250-million studio complex in Toronto. It will provide  up to 500,000 square feet of film, television and digital media studio space and production offices, including eight purpose-built sound stages as well as workshop and production support spaces. HCP-MBS will also work with the city to create a public promenade along the waterfront. City Councillor Paula Fletcher, chair of the Film, TV & Digital Media Advisory Board said “With production value in Toronto on track to hit a 2022 record high, surpassing the 2019 record high of $2.2 billion, this industry needs the state-of-the-art media hub to meet the growing demand for space and Toronto talent.” The HCP-MBS proposal was approved by CreateTO, Toronto’s real estate agency, last month and city council last week, before Mayor John Tory announced the finalization of the partnership. Mayor Tory said “The HCP-MBS proposal is a tremendous opportunity for the city and “an exciting addition to Toronto’s east end.”

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