{"id":522838,"date":"2022-12-07T20:00:00","date_gmt":"2022-12-07T17:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/william-f-white-buys-studio-city-toronto-as-film-soundstage-consolidation-heats-up\/"},"modified":"2022-12-07T20:00:00","modified_gmt":"2022-12-07T17:00:00","slug":"william-f-white-buys-studio-city-toronto-as-film-soundstage-consolidation-heats-up","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/william-f-white-buys-studio-city-toronto-as-film-soundstage-consolidation-heats-up\/","title":{"rendered":"#William F. White Buys Studio City Toronto as Film Soundstage Consolidation Heats Up"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23d2e5d7442\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23d2e5d7442\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/william-f-white-buys-studio-city-toronto-as-film-soundstage-consolidation-heats-up\/#William_F_White_Buys_Studio_City_Toronto_as_Film_Soundstage_Consolidation_Heats_Up\" >William F. White Buys Studio City Toronto as Film Soundstage Consolidation Heats Up<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"William_F_White_Buys_Studio_City_Toronto_as_Film_Soundstage_Consolidation_Heats_Up\"><\/span>William F. White Buys Studio City Toronto as Film Soundstage Consolidation Heats Up<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    William F. White International has acquired\u00a0Studio City Toronto, an iconic studio complex in the city\u2019s downtown east end that over the years played host to shoots for <em>My Big Fat Greek Wedding, X-Men<\/em> and the Oscar winner <em>Spotlight. <\/em><\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Terms of the deal were not disclosed, but the purchase of the 148,000 square foot studio by William F. White-parent Sunbelt Rentals and completed on Dec. 2 is understood to have followed a bidding war. The acquisition, which includes Studio City Rentals, gets William F. White\u2019s total owned or managed studio production space across Canada to 1.55 million square feet.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cWe are excited to welcome Studio City Toronto as well as Studio City Rentals to the William F. White and Sunbelt Rentals family. For our clients, these acquisitions are the perfect complement to our business as we continue to deliver world-class studio space and production equipment to the local and international film and television industry,\u201d Garin Josey, executive vp and COO of William F. White, said in a statement on Wednesday. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Studio City Toronto soundstages, part of the former Showline Studios built in 1988 and acquired by the City of Toronto in 2017, have also played host to location shoots for Netflix\u2019s <em>Luckiest Girl Alive<\/em>, CBC\u2019s <em>Strays <\/em>and<em> Kim\u2019s Convenience<\/em>, <em>The Expanse <\/em>for Alcon Entertainment and Amazon, and CBS\u2019s <em>Rabbit Hole<\/em>, starring Kiefer Sutherland. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The City of Toronto in 2018 t<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed Studio City Rentals to run the former Showline Studios as a rebranded Studio City Toronto facility, and to build three new soundstages to get to 148,000 square feet of production space in all. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    With Hollywood in need of cost-effective programming as the streamers begin to tighten their belts, the Canadian film studio sector has seen increasing consolidation as the major studios and streamers chase premium studio space and generous currency and tax credit savings north of the border.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    A studio construction boom in Toronto and Vancouver has coincided with TPG Real Estate Partners paying around $1.1 billion for Cinespace Studios, which includes studio campuses in Toronto and Chicago. And MBS Group, a Hackman Capital Partners company \u2014 which has placed big bets on studio space in Los Angeles and elsewhere internationally amid the streaming boom \u2014 in Toronto is developing Basin <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Media<\/a> Campus, a $250\u202fmillion purpose-built film studio on Toronto\u2019s waterfront, and the $200\u202fmillion Downsview Studios development. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    That construction will offer an initial eight soundstages, followed by additional studio space, at the Downsview air base as part a wider 370-acre redevelopment project in the city\u2019s north end. Studio City has six sound stages and work areas, with its newest stages opened in May 2021. That includes the Jumbo stage, comprising 36,000 square feet with a 55 foot height clearance built to host blockbuster film sets.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The Studio City complex is already home to William F. White\u2019s LED volume stager for virtual production. Studio City \u202fRentals\u00a0offers rigging and scaffolding rentals in Toronto, Vancouver and Los Angeles, and was also acquired by Sunbelt Rentals as part of the deal.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The valuation on the Studio City Toronto facility sale is expected to impact a possible separate transaction as Pinewood Toronto Studios majority owner Bell Media looks to sell its stake. The City of Toronto retains a minority stake in Pinewood Toronto Studios and could offload that holding should a wider and overall acquisition deal emerge for the marquee studio where the <em>Star Trek: Discovery <\/em><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> Guillermo del Toro shoot. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Chris Nethercoat, CEO of Studio City Toronto and Studio City Rentals, and Mike Kirilenko, president of Studio City Toronto and Studio City Rentals, the equipment rentals company the duo launched in 1999, will remain in their current roles and report to William F. White. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cThis is the opportunity we have been waiting for \u2013 Studio City Toronto and Studio City Rentals are perfectly positioned for rapid growth and with the support of William F. White and Sunbelt Rentals. We can continue to bring innovative solutions to a market that will continue to demand only the best,\u201d Kirilenko added in his own statement. <\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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White Buys Studio City Toronto as Film Soundstage Consolidation Heats Up William F. White International has acquired\u00a0Studio City Toronto, an iconic studio complex in the city\u2019s downtown east end that over the years played host to shoots for My Big Fat Greek Wedding, X-Men and the Oscar winner Spotlight. Terms of the deal&#8230;<\/p>\n","protected":false},"author":1,"featured_media":522839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2022\/12\/Studio-City-Toronto_Exterior.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[136896],"class_list":["post-522838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-film-and-tv-tax-credits"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/522838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=522838"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/522838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/522839"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=522838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=522838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=522838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}