Questions Arise About Accounting Irregularities at Rome’s Famed Cinecitta Studios
The Hollywood ReporterStory by Kevin Cassidy
scrn logline
Hollywood's iconic Cinecittà Studios in Rome face accounting irregularities, raising questions about the company's financials and management.
beat sheet
- PwC uncovered a 6.7 million euro ($7 million) shortfall in Cinecittà's accounts, which could lead to significant financial losses and adjustments.
- Former CEO Nicola Maccanico denies any wrongdoing, blaming the company's revenue decline on delays in Italy's tax credit reform, while the government disputes this claim.
call sheet
Nicola Maccanico, Chiara Sbarigia, Claudio Ranocchi, Manuela Cacciamani, Antonio Maccanico, Cinecittà Studios, PricewaterhouseCoopers (PwC), Ernst & Young, Ministry of Culture, Italian Treasury Ministry