Netflix announces it's opening a huge film and TV production hub in Toronto
Well,it's official: Netflix is setting up its own film and TV production hub in Toronto's waterfront studio district,putting yet another feather in the cap (and millions in the pocket) of boomingHollywood North.
The American streaming juggernaut announced the news Tuesday morning,notingin a press releasethat it will be leasing space at both Cinespace Studios and Pinewood Studios in Toronto.
A total of eight sound stages—four within each facility—will become Netflix territory to start,as well as various office spaces for support work within the studio district.
Thanks to film industry stability provided by@fordnation&@VictorFedeli& thanks to@JohnToryfor his tireless advocacy,@netflixhas opened a production hub in Toronto,centered in the new Cinespace facility,where top content like@UmbrellaAcadwill locate for years to come!pic.twitter.com/47K5fq1c7y— Jim Mirkopoulos (@CinespaceTO) February 19,2019
Pinewood,which is leasing out roughly 84,580 square feet of space,says Netflix will begin filming at least one production there within the next couple of weeks.
Cinespace expects Netflix to move in sometime this summer,once construction is complete on four dedicated sound stages totalling approximately 164,000 square feet of filming space.
"In total,both sites will support upcoming Netflix series and films,including the horror anthology seriesGuillermo del Toro Presents Ten After Midnight,the filmLet It Snowand others," Netflix said in a statement.
"The new spaces add to Netflix's existing physical production footprint in Canada,which already includes a lease of British Columbia's Martini Film Studios,as well as production sites Netflix sets up across Canada on a production-by-production basis."
This isn't the first we've heard about Netflix opening a production hub in Toronto (Mayor John Toryall but confirmed the newswhile speaking at a gala last month), but film and TV industry workers have reason to rejoice this morning.
In announcing the news,Netflix promised to create up to 1,850 new jobs per year for Canadians as part of its commitment.The terms of the company's lease agreements were not disclosed,but Netflix says that they are both "multi-year."
"With this commitment to Cinespace and Pinewood Toronto,we are proud to continue our investment in Canada and Canadian films and series," says Netflix VP of physical production Ty Warren,referring to the company's$500 million CanCon commitment in 2017.
"These new leases will enable us to expand our presence in Canada and provide a wealth of production jobs for skilled Canadian workers."
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