Canindia News

Netflix to open production hub in Toronto

Netflix recently announced it would be opening a dedicated production hub in Toronto. The news has been met with elation from the industry which hopes it will help showcase local talent.

The company is expected to lease two studio spaces along the downtown industrial waterfront area.

At Cinespace Studios, Netflix is leasing four new sound stages — along with spaces for office and support work — totalling approximately 164,000 square feet.

At Pinewood Toronto Studios, Netflix is also leasing four sound stages and adjacent office space totalling 84,580 square feet.

Netflix said the commitment will provide jobs for up to 1,850 Canadians per year, and that the leases are “multi-year” but didn’t specify for exactly how long.

Cinespace said its sound stages leased by Netflix will be operational by June.

Projects already set to be made at the hub include the horror anthology series “Guillermo del Toro Presents Ten After Midnight” and the film “Let It Snow”.

Streaming services will be a boon for Canadian creators who usually have to jump hoops to find producers, sellers, distributors and financing, but dealing with Netflix will be like dealing with a one-stop shop. -CINEWS


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