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Bell Media Boosts Controlling Stake in Pinewood Toronto Studios

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hollywoodreporter.com

Pinewood Toronto Studios majority owner Bell Media has increased its stake in the marquee studio, while also taking a minority stake in Montreal's Grande Studios as it raises its bet on Hollywood continuing to film movies and TV series in Canada.

Terms of the deal that sees property developer Alfredo Romano's Castlepoint Numa sell its minority interest in Pinewood Toronto Studios to Bell Media were not disclosed.

And the deal points on Bell Media's minority investment in Grande Studios, where Roland Emmerich is shooting his sci-fi disaster movie Moonfall, which stars Halle Berry and Josh Gad, were also not disclosed.

But Bell Media raising its stake in Canadian soundstages comes as Hollywood studios and streamers like Netflix, Hulu and Walt.

Read more on hollywoodreporter.com
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