Bell Media to buy Pinewood Toronto Studios
Bell Media has entered into an agreement for its Bell Media Studios division to acquire a majority stake in Pinewood Toronto Studios. Bell Media is undertaking the acquisition in partnership with Comweb Studio Holdings, Castlepoint and the City of Toronto. The 33.5 acre film and television production facility includes 11 stages, offices, teaching facilities and support services. Its operation will be managed by Nanci MacLean, vice-president and head of Bell Media Studios.
"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," said MacLean. "One of our first actions will be to add a further 170,000 square feet of sound stages and support space, maintaining Pinewood Toronto Studios as a best-in-class film and TV studio."