Toronto is a major scene for theatre and other performing arts, with more than fifty ballet and dance companies, six opera companies, and two symphony orchestras. The city is home to the National Ballet of Canada, the Canadian Opera Company, and the Toronto Symphony Orchestra. Notable performance venues include the Four Seasons Centre for the Performing Arts, Roy Thomson Hall, the Princess of Wales Theatre, the Royal Alexandra Theatre, Massey Hall, the Toronto Centre for the Arts, the Elgin and Winter Garden Theatres and the Hummingbird Centre (formerly the "O'Keefe Centre"). Ontario Place features the world's first permanent IMAX movie theatre, the Cinesphere,^[40] as well as the Molson Amphitheatre, an open-air venue for large-scale music concerts. Each summer, the Canadian Stage Company presents an outdoor Shakespeare production in Toronto’s High Park called "Dream in High Park". Canada's Walk of Fame acknowledges the achievements of successful Canadians, with of a series of stars on designated blocks of sidewalks along King Street and Simcoe Street.

The Distillery District is a pedestrian village containing boutiques, art galleries, restaurants, artist studios and small breweries, including the well-known Mill Street Brewery. A new theatre in the district, the Young Centre for the Performing Arts, is the home of the Soulpepper Theatre Company and the drama productions of nearby George Brown College.

The production of domestic and foreign film and television is a major local industry. Many movie releases are screened in Toronto prior to wider release in North America. The Toronto International Film Festival is one of the most important annual events for the international film industry. Europe's largest film studio, Pinewood Studios Group of London, is scheduled to open a major new film studio complex in west-end Toronto, with five sound stages, with the first two to open by fall 2008.

Toronto's Caribana festival takes place from mid-July to early August of every summer, and is one of North America's largest street festivals.^[41] Primarily based on the Trinidad and Tobago Carnival, the first Caribana took place in 1967 when the city's Caribbean community celebrated Canada's Centennial year. Forty years later, it has grown to attract one million people to Toronto's Lake Shore Boulevard annually. Tourism for the festival is in the hundred thousands, and each year, the event generates about $300 million in revenue. [  From Wikipedia, the free encyclopedia ]