Legal battle comes to an end
After four months of legal stalemate, David Mirvish of Mirvish Prods. has finally purchased the 2,300-seat Canon Theater and the 700-seat Panasonic Theater from Key Brand Entertainment. Both venues are located on Toronto’s main drag, Yonge Street.Mirvish had a 15-year co-presenting lease on the venues and made an offer to purchase from Key Brand early this year. But Dancap Prods. president Aubrey Dan, who had gained the right to manage the venues after making a large investment in Key Brand’s takeover of Live Nation assets, applied for an injunction to block the sale. That application was denied by the Ontario Supreme Court last week. Mirvish Prods. now owns four major Toronto theatrical venues. For the company’s 2008-09 season, the Canon will see the return of “Monty Python’s Spamalot,” “A Chorus Line,” “Chitty Chitty Bang Bang,” “The Color Purple” and “Spring Awakening.” Toronto’s production of “We Will Rock You” recently transferred from the Canon to the Panasonic.