Toronto’s Centennial College has taken over management of @Wallace Studios following the departure of founder Lillyann Goldstein, who is going into politics.

Goldstein is preparing to run for the Ontario Tories in the Toronto riding of St. Paul’s and, though she is still owner of the four-stage facility, has handed the reigns to Centennial. Industry veteran Doug Pringle has been appointed manager of the renamed Centennial College @Wallace Studios.

‘I believe Centennial will bring innovative thinking, connections, and out-of-the-box thinking to @Wallace Studios,’ says Goldstein. ‘It’s a good match and I believe they will grow upon what I started over 20 years ago.’

‘I think they’re going to become much more aggressive in the industry,’ she adds

Centennial is known for its media and communication programs. The studio has hosted titles including The Tracey Fragments, Chicago and Queer as Folk, and is home to a variety of post-production companies.

A formal relaunch of the studio will take will take place this fall. The Ontario election is set for Oct. 10.

Goldstein made the decision to leave her company behind because of her son’s interest in politics.

‘My younger son was going to a provincial Conservative policy conference,’ she says. ‘I attended the meeting and I started listening a little more attentively to politics. Next thing I knew I was asked if I would consider [running for the party]. There’s a huge learning curve, much like running a business. But it’s been a really exciting and educational experience.’