Bell Media buys stake in Pinewood Toronto Studios, plans to expand space - InfoNews

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Bell Media buys stake in Pinewood Toronto Studios, plans to expand space

Queen Elizabeth and Ontario Premier Dalton McGuinty arrive for a luncheon reception at Pinewood Toronto Studios, Canada's largest film and television production complex, on Monday, July 5, 2010. Bell Media has set the stage to acquire a majority stake in Pinewood Toronto Studios, which has been used to film "Star Trek Discovery" and "The Expanse." THE CANADIAN PRESS/Chris Young
March 29, 2018 - 2:25 PM

TORONTO - Bell Media has set the stage to acquire a majority stake in Pinewood Toronto Studios, which has been used to film "Star Trek Discovery" and "The Expanse."

The complex includes 11 purpose-built stages, offices, teaching facilities and a variety of support services for film and television clients.

Financial terms weren't announced by Bell Media, which owns the CTV television network, multiple specialty television channels and Canada's largest collection of radio stations.

It's making the deal in partnership with Comweb Studio Holdings, Castlepoint, and the City of Toronto.

Nanci MacLean, head of Bell Media Studios, will oversee the operations.

She says that one of the first moves will be to add a further 15,793 square metres (170,000 square feet) of sound stages and support space.

It already has a 4,274 sq. m (46,000 sq. ft) sound stage, one of the biggest in North America.

"The addition of Pinewood Toronto Studios to our portfolio offers us an exciting new advantage in meeting the rising demand for original content across all media platforms," MacLean said in a statement.

(Companies in this story: (TSX:BCE)

Note to readers: This is a corrected story. And earlier version had an incorrect metric conversion for 170,000 square feet.

News from © The Canadian Press, 2018
The Canadian Press

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