Canadian organization Hot Docs has announced two major investments from the Rogers Foundation, including a CAD$4 million (US$3.13 million) gift for Hot Docs to purchase the Bloor Hot Docs Cinema.
In partnership with Blue Ice Group’s Neil Tabatznik, Hot Docs acquired the historic, century-old Toronto cinema from Carm Bordonaro (pictured) and his family in 2011.
Hot Docs has managed, operated and been in charge of programming at the theater since it was renovated and reopened in March 2012. Under terms of that deal, net revenue from the cinema was split between the partners.
With the Rogers Foundation gift, as well as additional financing, Hot Docs has purchased the cinema at cost. The theater will now be named the Hot Docs Ted Rogers Cinema.
Hot Docs also announced that the Rogers Foundation donated $1 million to establish the Hot Docs Ted Rogers Fund, which will provide production grants to Canadian documentary feature filmmakers.
For each year of the next 10 years, the fund will disburse up to $35,000 each to three to four feature-length projects. Applications for the first round of funding will open August 11, with a rolling deadline.