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Toronto Raked in a Record Amount of That Hollywood Money in 2015

Toronto Raked in a Record Amount of That Hollywood Money in 2015

Posted by PanamericanWorld on May 14, 2016

Last year was the busiest year on record for the city’s film and television industry.

In 2015, a total of $1.5 billion was spent on productions in Toronto, topping the previous high, in 2014, by 26 per cent. Last year also saw a new record for the number of location filming shoot days, with 6,680 in 2015. This year’s figures show no sign of slowing down either. It seems that film crews are a daily sight on the city streets.

Mayor John Tory said that Los Angeles-based studios have planned more than $800 million in productions for Toronto this year. This, of course, is in addition to many domestic productions as well.

“It is great to go to a meeting where I ask everybody ‘How is it going?’ and everybody just says ‘fantastic’,” Tory said during an appearance at Cinespace Studio yesterday. “We now have had five consecutive years of more than $1 billion in productions in this city and that is a big deal.”

Toronto, Notable

Photo – Toft

Despite this, Tory says that there is a “capacity to do more.” He promised to work to facilitate the growth of the industry, and said that municipal leaders must do everything they can to support this. He said he would personally advocate for more government tax credits and financial incentives so we can attract more productions in Toronto.

“We are going to start by identifying possible city-owned assets in terms of buildings and land that might be contributed to this cause in one way or another,” he said. “We are then going to try to deal with the parking issue better because that is a challenge that I know many of you face when you are doing productions. We are going to look to identify off-street parking, maybe on city land.”

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