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Boom Times for Italian TV Biz

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variety.com
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Nick Vivarelli International CorrespondentThe Italian TV industry is chugging along seemingly undeterred by the pandemic’s impact, with local producers expected to churn out an estimated €500 million ($585 million) worth of scripted content in 2021 compared with $409 million in 2018.Italy’s mini-boom, which is largely due to a rise in commissions from streamers, is happening just as the country’s production companies are snapped up by larger non-Italian groups amid a wave of media and entertainment industry consolidation in Europe.In September, production and distribution giant Fremantle, owned by German group RTL, entered exclusive negotiations to gain control of Italy’s Lux Vide, the TV production company behind the “Medici,” “Devils”.

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