Italy’s Struggling Film and TV Industry Welcomes $775 Million Relief Fund

Italy’s Struggling Film and TV Industry Welcomes $775 Million Relief Fund
As Italy’s government wobbles, the country’s struggling film and TV industry is staying afloat thanks to beefed-up funding that in 2021 will provide a €640 million ($775 million) safety net for local exhibitors, distributors and producers.

Italian Premier Giuseppe Conte survived a crucial Senate confidence vote on Tuesday evening by a razor thin margin of just 16 votes (the vote went 156-140 in his favor), averting a crisis sparked by differences over how to spend more than €200 billion ($242 billion) earmarked by the European Union for a Covid-19 recovery fund to help revive its pandemic-plagued economy.

The president of Italy’s Motion Picture Association (Anica) Francesco Rutelli on Wednesday told Variety that the government now remains on track with its recovery plan for the film and audiovisual production industry, drafted by Culture Minister Dario Franceschini, which Rutelli called “a major achievement.” Funding for the industry is up 60% compared with last year and is
See full article at Variety »

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