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Article: Pinewood partners on Toronto studio.(Pinewood Studios Group and Castle-point Developments sign deal)(Brief article)
- Article from:
- Daily Variety
- Article date:
- April 16, 2007
- Author:
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The U.K.'s Pinewood Studios Group and Toronto-based Castle-point Developments have regrouped to construct a 100,000-square-foot studio complex in West Toronto.
The Toronto Star reported Saturday the two companies inked a deal last week to build the facility, at an estimated cost of C$35 million ($30.8 million), with an eye to attracting more international lensing to the city.
Toronto could use a shiny new facility. Labor instability, a paucity of high-end studio space and a more-valuable Canadian dollar made 2006 a dismal year. Production in the city was down 21% from 2005 to $615 million.
In addition, one of the larger soundstages in Toronto, ...