Netflix Confirms Production Studio in Toronto, Leases Nearly 250,000 Square Feet of Studio Space
Netflix has confirmed it is opening a new production hub in Toronto.
According to a new press release, Netflix is opening its latest global production hub in Toronto, taking long-term leases on eight sound stages at separate studios to produce its growing film and TV slate while tapping local incentives.
“I’ve been excited from Day One about the interest Netflix has shown in establishing a much bigger presence in Toronto,” said Mayor John Tory. “Great crews, great studio space, great customer service and great companies like Netflix make Toronto the best place in North America to make television shows and movies.”
The US-based streaming giant will lease four sound stages along with office space and support space totaling approximately 164,000 square feet at Cinespace Studios and will also lease four sound stages and adjacent office space comprising a total footprint of approximately 84,580 square feet at Pinewood Toronto Studios.
The new spaces add to Netflix’s existing physical production footprint in Canada, which includes a lease of British Columbia’s Martini Film Studios and production sites it sets up on a per-production basis.
“By putting the right conditions in place to attract jobs and opportunities to the province, our Government working for the People is sending a clear message that Ontario is open for business,” said the Honourable Michael Tibollo, Ontario’s Minister of Tourism, Culture and Sport. “Today’s announcement demonstrates that Ontario is now one of the most attractive places in the world for investment. We are creating an environment for job creators and workers to thrive, including in Ontario’s industry-leading film production sector.”
According to Netflix, the new Toronto facilities will provide up to 1,850 production jobs per year. Both sites will support upcoming Netflix series and films, including horror anthology series “Guillermo del Toro Presents 10 After Midnight” and the feature film “Let It Snow” based on the book by John Green, Maureen Johnson and Lauren Myracle.
“With this commitment to Cinespace and Pinewood Toronto, we are proud to continue our investment in Canada and Canadian films and series,” said Ty Warren, Netflix’s VP of physical production, in a statement. “These new leases will enable us to expand our presence in Canada and provide a wealth of production jobs for skilled Canadian workers.”
The launch of its Canadian production hub follows the streaming giant unveiling plans to significantly expand its Canadian presence, which includes spending at least $500 million CAD in production expenditures over five years.