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Article: Economic realities make Raleigh Studios look to Canada.(Up Front)
- Article from:
- Los Angeles Business Journal
- Article date:
- February 2, 2004
- Author:
CopyrightCOPYRIGHT 2004 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As the nation's largest private studio operator, Raleigh Enterprises has been one of the most vocal advocates for keeping film and television production in Hollywood.
But economic reality--and the possible loss of its Manhattan Beach studio--is forcing it to become an abettor in runaway production to Canada and other locales.
Last month, the Santa Monica-based firm and its Canadian partner, Ingenium Group, were selected by Toronto's redevelopment arm as one of four finalists to transform a 30-acre industrial site along the city's waterfront into a studio complex.
The project is a lynchpin in Toronto's efforts to lure big-budget film shoots from ...