Domestic and foreign film, television, digital and commercials production investments in Toronto had a third record-setting year in 2016 and achieved the $2.01-billion level for the first time.
“The epic growth of our creative screen sector illustrates that Toronto is a compelling and competitive global production hub with a long-term, sustainable success story,” said Mayor John Tory. “We’re proud of Toronto’s film and television industry and we want it to continue to grow. We will keep working with our industry partners so they have what they need to create jobs, attract talent and contribute to the economy.”
“The sector’s exceptional growth is the result of the City’s abundance of high quality talent and world-class facilities, supported by provincial and federal tax incentives available to productions in Toronto,” said Councillor Michael Thompson (Ward 37 Scarborough Centre), Chair of the Economic Development Committee.
The above numbers also help to show a larger Toronto industry success story. Combining the $2 billion in investment noted above with figures from broadcasters and the interactive digital media cluster results in a total investment figure of $3.26 billion for all of Toronto’s film, television and digital media production in 2016. That figure represents a 16 per cent increase from 2015.
“These overall figures confirm the expanding economic impact of Toronto’s screen-based industry and validates its contribution to the vitality, prosperity and creativity of our city,” said Councillor Paula Fletcher (Ward 30 Toronto-Danforth), Chair of the Toronto Film, Television and Digital Media Board.
More information about Toronto’s 2016 screen-based production statistics will be available at http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2017.ED19.2.
More information about how the City helps business is available at toronto.ca/business.
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