UK based Pinewood Group has acquired full ownership of Pinewood Toronto Studios, a purpose-built film and TV studio in Toronto.
Pinewood Toronto Studios is home to the Mega Stage, one of the largest purpose-built soundstages in North America. The studios have been home to films such as Slumberland, It: Chapter Two, Shazam! and The Christmas Chronicles.
Pinewood Group has provided sales and marketing services since 2009 when Pinewood was first incorporated into the name of the Toronto studios.
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Pinewood Toronto Studios recently added a further 170,000 square feet of production space including five purpose-built soundstages. With the expansion it is now the largest film and TV studio in Ontario with 490,000 square feet of production space and 16 purpose-built soundstages.
Paul Golding, chairman of Pinewood Group said: “We have worked with our partners for many years to create the City’s pre-eminent studio, and we’re now delighted to have bought it. We will continue to invest in the studio and the surrounding Port Lands to ensure Pinewood Toronto Studios remains the number one destination for both domestic and international productions. We intend to work closely with the City to support Toronto’s thriving film and TV industry and all those who work in it.”
Paul Bronfman, chairman and founding shareholder of Pinewood Toronto Studios, added: “I am thrilled that Paul Golding and his team at Pinewood Group are acquiring our studio. As the Chairman of Pinewood Toronto Studios since 2009, I am excited and look forward to this new opportunity for the City of Toronto.”
The acquisition follows the recent approval of expansion plans for Pinewood Studios in the UK. The Pinewood Group also runs Shepperton Studios in the UK, plus facilities in the Dominican Republic.