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Cinecitta Financial Crisis: Government Ministries Discuss Possible Bailout of Fabled Studio
The Hollywood ReporterStory by Kevin CassidyImage from The Hollywood Reporter
scrn loglineCinecittà, the legendary Italian studio, faces financial crisis as government ministries scramble to discuss a potential bailout to avoid bankruptcy.beat sheet- The financial troubles of Cinecittà Studios were the subject of an emergency meeting between the Italian Treasury and Culture Ministry, who are the studio's owner and supervisor respectively.
- An independent audit by PricewaterhouseCoopers revealed irregularities in Cinecittà's 2023 accounts, leading to a decision to refile the financials and likely show a loss instead of a previously recorded profit.
Read the sourcecall sheetNicola Maccanico, Cinecittà Studios, Italian Treasury, Culture Ministry, PricewaterhouseCoopers - IndiewireIndiewire2d
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Cinecitta Financial Crisis: Government Ministries Discuss Possible Bailout of Fabled Studio
The Hollywood ReporterStory by Kevin Cassidy
scrn logline
Cinecittà, the legendary Italian studio, faces financial crisis as government ministries scramble to discuss a potential bailout to avoid bankruptcy.
beat sheet
- The financial troubles of Cinecittà Studios were the subject of an emergency meeting between the Italian Treasury and Culture Ministry, who are the studio's owner and supervisor respectively.
- An independent audit by PricewaterhouseCoopers revealed irregularities in Cinecittà's 2023 accounts, leading to a decision to refile the financials and likely show a loss instead of a previously recorded profit.
call sheet
Nicola Maccanico, Cinecittà Studios, Italian Treasury, Culture Ministry, PricewaterhouseCoopers