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FYI

Ontario Place Refresh To Include Expanded Role For Live Nation

Three companies, including a Quebec outdoor recreation firm and a European spa and water park provider, have been chosen to revitalize Ontario Place after a closed-door bid process that has dragged

Ontario Place Refresh To Include Expanded Role For Live Nation

By David Farrell

Three companies, including a Quebec outdoor recreation firm and a European spa and water park provider, have been chosen to revitalize Ontario Place after a closed-door bid process that has dragged on for years, sources have told The Globe and Mail.


The Ontario government plans to give Quebec’s Écorécréo the reins for part of the 63-hectare site on Toronto’s waterfront, along with Austrian company Therme, the sources tell the newspaper. Live Nation, which runs the performance venue at Ontario Place, will have an expanded role.

Provincial Tourism Minister Lisa MacLeod, who in recent months has promised big news soon on Ontario Place, offered no comment.

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Ontario Place, opened in May 1971 and sits on three artificial islands south of Exhibition Place. The 155-acre park is operated as an agency of the Government of Ontario and through 2019 has consistently posted deficits, leading to In an announcement that year from the Government of Ontario, calling for proposals to redevelop the park with a set of restrictions that any future development must not include residential units, a casino and must not require a specific monetary outlay or subsidy by the Government of Ontario,  and must preserve the existing amount of parkland included in the Trillium Park, and preserve the existing 16K-capacity Budweiser Stage amphitheatre.

Assets affiliated with the park beyond the Budweiser Stage include the 600-person capacity IMAX and IMAX3D Cinesphere, the 5K-capacity Echo Beach concert venue, a marina with 240 boat slips, and the 7.5-acre Trillium Park that connects to the 56-kl Martin Goodman multi-use Trail.

Entire story here.

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Influence Media Wins Bid to Acquire Anthem Entertainment’s Music Assets
Business News

Influence Media Wins Bid to Acquire Anthem Entertainment’s Music Assets

Sources say the BlackRock-backed company bid slightly above $650 million for the assets, though the deal has yet to close.

Apparently, the third time really can be the charm, as sources say Influence Media Partners has emerged as the winner in the auction for the music assets of Anthem Entertainment, the Canadian music firm that houses music publishing assets and recorded masters royalties from the likes of Rush and Timbaland.

While two earlier efforts to sell the firm in 2017 and 2022 came up short, sources suggest that in the third go-round, the successful Goldman Sachs-shopped deal saw at least two bids come in above the $600 million mark, even though most other bidders were said to be in the $500 million to $600 million range before dropping out. In all, sources suggested that about a dozen suitors kicked the tires on Anthem.

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