Hummingbird gives way to Sony
http://www.thestar.com/article/229391
Jun 26, 2007 04:30 AM
Sony has purchased the renaming rights for the Hummingbird Centre, the Star has learned.
Toronto city council's executive committee yesterday quietly approved a confidential document that will see Sony's name on the theatre inside the building, opened in 1960 and operated for years as the O'Keefe Centre.
A source said the deal is worth $3 million to the city over 10 years, or $5 million over 20 years if Sony wishes to extend the terms.
Renowned architect Daniel Libeskind plans to build a 49-storey residential tower – shaped like a giant L – on the site and join it with the centre below. Plans include an interactive lab emphasizing the multicultural aspect of the arts, a banquet facility and video cabaret.
Hummingbird Communications has been sold to another company and no longer exists as a separate entity. The naming rights for Sony are only for the theatre. But officials have said that the deal will be a catalyst for selling naming rights to the rest of the cultural centre.
Jim Byers
http://www.thestar.com/article/229391
Jun 26, 2007 04:30 AM
Sony has purchased the renaming rights for the Hummingbird Centre, the Star has learned.
Toronto city council's executive committee yesterday quietly approved a confidential document that will see Sony's name on the theatre inside the building, opened in 1960 and operated for years as the O'Keefe Centre.
A source said the deal is worth $3 million to the city over 10 years, or $5 million over 20 years if Sony wishes to extend the terms.
Renowned architect Daniel Libeskind plans to build a 49-storey residential tower – shaped like a giant L – on the site and join it with the centre below. Plans include an interactive lab emphasizing the multicultural aspect of the arts, a banquet facility and video cabaret.
Hummingbird Communications has been sold to another company and no longer exists as a separate entity. The naming rights for Sony are only for the theatre. But officials have said that the deal will be a catalyst for selling naming rights to the rest of the cultural centre.
Jim Byers