Toronto – Hot Docs has sold its major cinema, but the Annex will continue to run space in the neighborhood of Toronto.
The organization running Canada’s largest documentary film festival states that the buyer is a “neighbor who is interested in supporting art in Toronto, who has asked to stay anonymous.
A spokesperson says the Bloor Street West building was sold for $ 6.25 million.
Non-profit kept the theater for sale last year as he warned the supporters that the financial pressure was putting the festival at risk.
Hot Docs says that the sale came with a compromise on a multi-year lease.
The Century-Old Cinema Annex has a cultural milestone, which acts as a hub for the Hot Docs Festival and screening Canadian and International Documents, as well as hosts special programs and showcase.
