As reported by the
Toronto Star, Toronto is on its way to becoming a hub of 3D film production. It is predicted that within two years almost every feature film will be made in 3D and a number of Toronto companies-including Don Carmody Productions, Cinespace Film Studios and Creative Post Inc.- have the expertise and facilities to fill the demand for content.
"With the Canadian dollar at par eroding Toronto's competitive advantage as a place to shoot, many in the industry are banking on 3D technology to restore its edge.Spending by U.S. film and TV production companies on locations in fell 25 per cent over a five-year period ending in 2008 to $79.4 million as the dollar soared to 94 cents U.S from 71 cents U.S., according to the Toronto Film & Television Office. Total spending was down 23 per cent year over year to $610 million, the Toronto office also reports."
"That trend reversed in Ontario last year after the government announced more generous tax credits. Total spending by the film and television industry jumped 41 per cent to $946.5 million, according to the Ontario Media Development Corp."
"Still, industry members say it will be critical to offer 3D facilities, expertise and training, as well."
"One of our major (film location) competitors is Detroit because they have massive, massive tax credits there. But they haven't done a 3D movie," says Don Carmody, executive producer, whose credits include Resident Evil: AfterLife."
"That means Toronto can offer something Detroit can't, including trained crew, sets, cameras, lighting and other 3D equipment."
"There are several areas where Canada is at the head of the pack or definitely in the mix," Carmody says. more generous tax credits. Total spending by the film and television industry jumped 41 per cent to $946.5 million, according to the Ontario Media Development Corp."
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Toronto Star