[URBAN NOTE] "Film, TV, digital productions contributed $2B to Toronto’s economy in 2016"
The Canadian Press reports, in an article hosted at MacLean's, that media productions are huge parts of the Toronto economy.
Film, television and digital productions contributed more than $2 billion to Toronto’s economy in 2016, Mayor John Tory said Monday as he promised to streamline regulations, helping the city compete with other global destinations.
Calling the industry a “key economic driver” for the city, Tory said that 2016 topped the previous high of $1.5 billion in 2015.
Tory said $800 million of last year’s total came from Los Angeles-based productions, adding that Toronto will have to fight to keep the business.
The mayor said he met with the studios to thank them for their business and to find out what would help them return to Toronto.
“They told me that we had to continue to invest in facilities,” he said.