Fremantle and Italy’s Cinecittà have entered a five-year pact involving the continuous rental of six sound stages at the iconic studios, which are currently undergoing a major revamp.
The deal “confirms Fremantle’s strategic decision to make some of its top international productions in Italy: a decision that finds the perfect and natural partner in Cinecittà,” Fremantle said in a statement.
A radical revamp of Cinecittà, which has been underway since May 2021, has been gaining traction with a rise in occupancy of its sound stages and backlot, realistic prospects for profitability, and new state-of-the-art filming facilities.
The Cinecittà revamp is being conceived and carried forth by Nicola Maccanico, a former Warner Bros. and Sky Italia senior exec who has a mandate from Italy’s culture minister Dario Franceschini to turn the Rome studios into continental Europe’s top filming facilities thanks to a €300 million ($339) million) investment from the European Union’s post-pandemic recovery fund.
The deal “confirms Fremantle’s strategic decision to make some of its top international productions in Italy: a decision that finds the perfect and natural partner in Cinecittà,” Fremantle said in a statement.
A radical revamp of Cinecittà, which has been underway since May 2021, has been gaining traction with a rise in occupancy of its sound stages and backlot, realistic prospects for profitability, and new state-of-the-art filming facilities.
The Cinecittà revamp is being conceived and carried forth by Nicola Maccanico, a former Warner Bros. and Sky Italia senior exec who has a mandate from Italy’s culture minister Dario Franceschini to turn the Rome studios into continental Europe’s top filming facilities thanks to a €300 million ($339) million) investment from the European Union’s post-pandemic recovery fund.
- 2/17/2022
- by Nick Vivarelli
- Variety Film + TV
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