Blockbuster deal sees Montreal film properties change hands
The studio owned by Mel Hoppenheim, seen here accepting a Genie Award in 2010, is among the major film properties changing hands in a blockbuster deal announced Thursday. (CP file photo).
Published Thursday, December 13, 2012 9:36AM EST
Global Vision announced Thursday that it has purchased three big players in the Montreal film scene, Studios Mel’s La Cité du Cinéma, Locations Michel Trudel and Les Génératrices Star.
Global Vision, which describes itself as Canada’s largest film production and distribution company, purchased the companies for an undisclosed amount that includes $23 million put up by the Desjardins cooperative, plus another $4 million from Investment Quebec.
The company explained in a statement that the acquisition will enable it to improve its services to producers by providing rental studios, cameras and equipment to a shoot.
Daniel Byette, Chief Operating Officer of Global Vision said that the acquisition will allow the company to increase from 18 to 22 studios and expand from 225,000 square feet to 306,000 square feet of studio space.
Global Vision’s services cover a wide variety of production needs, including postproduction, visual effects, 3D animation, image restoration, 2D to 3D conversion, and distribution of film, television, internet and mobile content.
-With a file from The Canadian Press