Netflix interested in creating a T.O. production hub: Tory

It seems Netflix is considering creating a production hub in Toronto.

Asked whether the videostreaming giant is interested in setting up shop in the city, Mayor John Tory suggested to The Canadian Press it’s a strong possibility.

“I have a very high level of confidence, without betraying confidences that aren’t yet concrete, that they’re going to,” Tory said in an interview at Tuesday’s Toronto Film Critics Association Awards gala.

“They’ve been in active discussions with our industry, with me, about wanting to create one of their hubs here.”

The Los Gatos, Calif., company has production facilities in Los Angeles and recently announced new production hubs for Madrid and Albuquerque, N.M.

Tory said he met with Netflix representatives in Los Angeles last March as part of his annual trip to the city to speak with film and TV studios about their working relationship with Toronto.

He hopes to speak with Netflix again early this year and also meet with company representatives when he returns to L.A. in February or March.

“We’ve talked to them from here a number of times and they certainly know how much we would like to have them here,” Tory said.“And they certainly have a strong interest in being here, so fingers crossed.”

Asked if he had any idea of when a production hub might be announced for the city, Tory said with a smile, “No. If I knew I wouldn’t tell you.”

Netflix had no comment Wednesday on what Tory said.

In September 2017, the company pledged to spend $500 million over five years to fund Canadian productions, a number it recently said it will exceed.