From a media release:
Cinespace Film Studios (Cinespace) today announced the signing of a multi-year lease with Netflix to expand its film and television production presence inside Marine Terminal 51 and the Cruise Ship Terminal, owned by PortsToronto and under long-term lease to Cinespace. The news comes the morningÂ Netflix announced the creation of itsÂ TorontoÂ production hub, expanding its production presence inÂ Canada.
Netflix’s new production hub inÂ TorontoÂ will take advantage of the area’s globally-renowned and award-winning film production infrastructure, which includes deep pools of creative talent, technicians, suppliers and filming locations.Â Toronto’sÂ overall film and television production volumes have reachedÂ $2 billionÂ in recent years and have resulted in tens of thousands of jobs both directly and indirectly.
In addition toÂ Toronto’sÂ Netflix activity,Â Northern OntarioÂ has also benefitted from several Netflix productions, demonstrating that film and television volumes rely onÂ Ontario’sÂ overall competitiveness as a film jurisdiction.
For Mayor Tory, the creation of a Netflix production hub inÂ TorontoÂ is a major milestone in his years of lobbying theÂ HollywoodÂ studios and digital platforms to send more business toÂ Toronto, as well as his continuous urging of City agencies to audit their inventories for large sites that could be leased to the film industry.
About Cinespace Film Studios:
Cinespace Film Studios â€“ a 30 years-running family business â€“ is the largest private owner, operator and developer of studios for film, TV and digital media production inÂ North America, with over 2 million square feet of space on over 100 acres in bothÂ TorontoÂ andÂ Chicago.Â Through direct advisory relationships with local government and through meaningful partnerships and internship programs with institutions â€“ includingÂ York UniversityÂ inÂ TorontoÂ andÂ DePaul UniversityÂ inÂ ChicagoÂ â€“ Cinespace is a market leader in infrastructure development for the screen-based industries.