Pinewood Studios Group is attempting another move into Toronto’s studio business following two earlier bids, one in 2007 and one in 2005.
The storied studio brand, backed by brothers Ridley and Tony Scott, is teaming with Toronto development company Castlepoint Group and investment firm ROI Capital to take-over Toronto’s recently opened FilmPort megastudio.
According to a report in the Globe & Mail newspaper, the Pinewood consortium is seeking majority interest in FilmPort. Pinewood would run the studio for a five-year period and then Castlepoint and ROI would assume majority control. Toronto city council was due to vote on the proposal today.
In an interview last month, FilmPort president Ken Ferguson indicated that the studio was in talks with several large-scale Hollywood productions considering using the facility in the coming months. Features that have used the facility include Universal’s Scott Pilgrim Vs The Worldand Atom Egoyan’s recently-wrapped Chloe.