Call this Toronto’s summer of perfect partnerships. At the moment, there are three striking examples of ideal matches dominating the news in the world of arts and entertainment.

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LUMINATO AND QUEEN’S PARK

This Just In: the government of Ontario has confirmed its commitment to provide stable funding of $2.5 million annually for the next three years to the Luminato Festival.

Janice Price, Luminato’s CEO, revealed in a phone interview that the ministry of Tourism, Culture and Sport has extended its commitment to the annual arts festival for the years 2015, 2016 and 2017, following the legislature’s recent approval of the budget.

“Right from its beginning in 2007, the province of Ontario, our founding government partner, has been supporting the festival with major funding,” says Price.

She has spoken to Michael Coteau, the new minister of Tourism, Culture and Sport, to express Luminato’s appreciation. “The Ontario government has played a vital part in the success we have had in our first eight years,” she says.

For the past year Luminato has been working with Queen’s Park to extend that support. And in making the case, Luminato had some impressive numbers to provide. The festival generates about $60 million each year for the Ontario economy, delivers $12 million in provincial taxes and provides the equivalent of 600 full-time jobs in labour income.

The three-year commitment brings to an end the false rumours of impending fiscal doom for Luminato.

TIFF AND THE PRINCESS OF WALES

For the past several years, the Toronto International Film Festival has played Let’s Make a Deal with one of its ritziest neighbours. The Mirvish-owned Princess of Wales Theatre, just across John St. from TIFF Bell Lightbox and one block from Roy Thomson Hall, has been used for blockbuster movie premieres but until now, only for the jam-packed first days of the festival.

This year for the first time, the P of W will be a key venue for the entire festival. And for some film lovers, it’s the best of all places for a great night out at the movies. Some would say it has the best sound system of all TIFF venues. And it has ideal entertaining spaces for the receptions needed by TIFF’s corporate sponsors.

That’s one more reason to celebrate the changes made in the latest version of plans by David Mirvish and architect Frank Gehry to build a mega-complex of condos and culture on King St. W. Under the original proposal (announced in fall 2012) the 2,000-seat theatre was to be demolished. Under the revised and scaled-back proposal — approved by Toronto city council earlier this month — the theatre, built in 1993, will survive.

With all due respect to Toronto Life editor Sarah Fulford, who suggests in the magazine’s current issue that it would be no loss if the P of W were torn down, I believe it would be a huge loss for Toronto. TIFF should be glad that Mirvish and Gehry have given the theatre a reprieve.

TSO AND KOERNER HALL

It’s hard to believe but true. The Toronto Symphony Orchestra has never performed at Koerner Hall: an architectural and acoustical gem across Philosopher’s Walk from the Royal Ontario Museum.

Luckily that will be rectified on Aug. 12 when, as part of the Toronto Summer Music Festival, the TSO does a special farewell concert at the Bloor St. hall as a preview to its European tour. The tour includes visits to Amsterdam, Helsinki and Vienna.

Peter Oundjian leads the orchestra in a program that concludes with Rachmaninoff’s Symphonic Dances.

One person likely to take a special interest in this event is Jeff Melanson, who moves into his new post as CEO of the TSO on Nov. 1. Melanson is taking a summer break after leaving his previous job last month running the Banff Centre.

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Confronted with the TSO’s big deficit, Melanson will need to make changes. The TSO in recent years has played several concerts a year at the Toronto Centre for the Arts but mostly occupies Roy Thomson Hall. Why not perform more often at Koerner Hall, which has about half as many seats as RTH?

The TSO and Koerner Hall could be made for each other.