Italian Film & TV Orgs Say Production Is Grinding To Halt Due To Uncertainty Over State Funding & Tax Credits

Nick Vivarelli International Correspondent After reaping the rewards of a protracted growth spurt, Italy‘s film industry is facing a forced slowdown as the country’s right-wing government dithers with modifications they plan to make to several key regulations, most significantly to the country’s now stalled tax incentives for film and TV production. At a packed protest event held earlier this month in Rome’s Cinema Adriano multiplex, industry figures from all sectors – including producers, writers, actors and big-name directors such as Paolo Sorrentino and Marco Bellocchio – lashed out against having to wait endlessly for the government to approve new guidelines so production companies can apply for the 40% tax credits that basically drive the business.

Alissa Simon Film Critic Scottish auteur Lynne Ramsay and former Icelandic Film Center (IFC) chief Laufey Guðjónsdóttir received honors from the 10th anniversary edition of Reykjavik’s Stockfish Film & Industry Festival (April 4 – 14, 2024). The awards, presented during a reception on April 11th, celebrate outstanding contributions to the film industry both internationally and domestically.

Good afternoon Insiders, thanks for always sticking with us. Max Goldbart here talking you through a packed week in the global entertainment world. Read on, and sign up here.

Patrick Frater Asia Bureau Chief Korea’s second largest generalist film event the Jeonju International Film Festival has set eight fiction films by first or second-time feature directors, for its main competition. They are “Cu Li Never Cries,” by Pham Ngoc Lan; “Junkyard Dog,” by Jean-Baptiste Durand, “La Palisiada,” by Philip Sotnychenko; “My Endless Numbered Days,” by Shaun Neo; “Oxygen Station,” by Ivan Tymchenko; “Practice,” by Laurens Perol; “The Major Tones,” by Ingrid Pokropek; and “The Permanent Picture,” by Laura Ferres. Additionally, two documentary features also compete: “After the Snowmelt,” directed by Lo Yi-Shan and “Kix,” by Balint Revesz and David Mikulan. The COVID-pandemic continues to affect filmmaking and festival selection, organizers said. “Even films planned to be made beforehand had to extend their production period due to the pandemic, and many works highlighted the limitations of the production environments, such as smaller cast numbers and minimal locations,” said chief programmer Chun Jinsu. The festival runs May 1-10 in Jeonju, a major town on South Korea’s west coast.

Former Venice Film Festival head Marco Müller has been named Artistic Director of Italy’s Taormina Film Fest. 

Nick Vivarelli International Correspondent Marco Mueller has been appointed artistic director of Italy’s Taormina Film Festival, which will have a top notch selection committee comprising British film curator and former London fest chief Sandra Hebron and former Cannes Directors’ Fortnight boss Edouard Waintrop. As anticipated by Variety, Mueller, who over the past decades has headed both the Venice and Rome fests — among several other events — is taking the reins of the storied Sicilian event that has had its ups and downs over the years. Held since the mid-1950s in the Sicilian resort known to U.S.

Nick Vivarelli International Correspondent Italian collecting company Artisti 7607, which represents thousands of local acting and dubbing talents, has announced it is suing Netflix in a Rome court “to obtain adequate and proportionate compensation due by law to its mandated artists.” Artisti 7607, which was founded as a co-op more than a decade ago by a group of Italian A-list actors including Elio Germano — who in 2015 won top acting honors in Cannes with Daniele Luchetti’s “Our Life” — has long been doing battle with Netflix over residual rights. “After more than eight years of sterile negotiations to obtain the data necessary to determine the compensation for artists in observance of European and national legislation, Artisti 7607 is forced to appeal to an ordinary court to request compliance with the law,” the indie collecting company said in a statement.

The Seret International Film Festival, an Israeli film event hosted in cities across the globe, has criticized its longtime UK partners Picturehouse and Curzon Cinemas for backing out of this year’s event over what organizers described as “safety concerns.”

Just days before its debut, Fallout looks to be assured a second season thanks to a $25 million tax credit from California.

Gene Maddaus Senior Media Writer “Fallout,” the post-apocalyptic series debuting this week on Amazon Prime, is expected to relocate to California for its second season, thanks to $25 million in California tax credits. The California Film Commission announced Monday that it has awarded $152 million in tax incentives to a dozen TV shows. The list also includes two shows from Ryan Murphy, “Dr.

Patrick Frater Asia Bureau Chief “Snow in Midsummer,” which quietly probes the 1969 massacre of Malaysian Chinese during post-election turmoil, was named the winner of the best film for young cinema competition (Chinese-language) at the Hong Kong International Film Festival. Liang Ming was named best director for “Carefree Days,” while the film’s female lead Lyu Xingchen collected the best actress award.

Nick Vivarelli International Correspondent Euro Gang Entertainment, the company launched last year by Hollywood veterans Gianni Nunnari (“300,” “Immortals”) and Simon Horsman (“Legacy: The True Story of the L.A. Lakers”) is ramping up operations in Italy through a partnership with Rome-based Alfred Film, the young shingle co-founded by experienced producers Roberto Amoroso and Maria Theresia Braun.

Nick Vivarelli International Correspondent Italy’s Cinecittà Studios, which have been undergoing a radical overhaul since 2021, recently released their fiscal 2023 results, which saw the Rome-based facilities turn a profit for the second year in a row after bleeding red ink for years. The iconic studios are being managed by Nicola Maccanico, a former Warner Bros.

More than 12 million older people in receipt of the New or Basic State Pension are set for a significant income boost during the new financial year when the Department for Work and Pensions (DWP) uprates payments by 8.5 per cent from Monday, April 8. Additional State Pension elements, including deferred amounts, will rise by 6.7 per cent.

Gene Maddaus Senior Media Writer Georgia has dropped an effort to cap its billion-dollar film and TV tax credit, after the state House and Senate could not reach agreement on the issue. Lawmakers have been working for nearly a year on proposals to rein in the incentive, which is the largest of any state in the nation.

Georgia’s legislative session is a wrap, burying with it a tortured bill on state film and television production tax credits — to the relief of Hollywood, indie producers and Georgia sound stage owners.

Nick Vivarelli International Correspondent Switzerland’s Locarno Film Festival is set to celebrate the centennial of Columbia Pictures with a retrospective featuring classic titles spawned by the Hollywood studio between the dawn of sound and the late 1950s. The Locarno retro, titled “The Lady With the Torch –– The Centenary of Columbia Pictures,” is being curated by Ehsan Khoshbakht, co-director of Italy’s Il Cinema Ritrovato festival, which is dedicated to cinematic treasures of the past and organized in partnership with Switzerland’s Cinémathèque Suisse.

Nick Vivarelli International Correspondent Last May, after “Killers of the Flower Moon” premiered at Cannes Film Festival, Martin Scorsese traveled to Rome with his wife, Helen Morris, to attend a conference titled “The Global Aesthetics of the Catholic Imagination.” There, the director announced that he had responded to an appeal by Pope Francis to artists “in the only way I know how: by imagining and writing a screenplay for a film about Jesus.” The conference was organized by Jesuit publication “La Civiltà Cattolica.” It took place after the journal’s editor, Father Antonio Spadaro, held a series of one-on-one conversations with Scorsese that have just been published in Italy in book titled “Dialoghi sulla fede” (“Dialogues on Faith”). The final chapter of this book is titled, as translated from Italian, “Screenplay for a Possible Film on Jesus” by Scorsese.

The Cannes Film Festival’s Marché du Film is launching a new initiative, bannered Cannes Remakes, aimed at fostering remake opportunities for European feature films that have proven successful in their home territories.

Elsa Keslassy International Correspondent “Dahomey,” the Berlinale Golden Bear-winning film helmed by French-Senegalese director Mati Diop, has been sold to a raft of international territories by Les Films du Losange. Along with being acquired by Mubi in key markets, “Dahomey” has been acquired in Australia & New Zealand (Rialto), China (Hugoeast), Spain (Filmin), Portugal (Nitrato Filmes), Greece (One From the Heart), Scandinavia (NonStop Entertainement), Benelux (Cinéart), Bulgaria (Beta Films), Ex-Yugoslavia (Discovery), Hungary (Mozinet), Czech Republic (Film Europe), Romania (Voodoo), Baltic Countries (Taip Toliau), Poland (New Horizons), Ukraine (Kyivmusicfilm), Taiwan (Joint Entertainment), Indonesia (PT Falcon) and Sudu Connexion in Africa.