Italy’s Cinecittà Studios Revamp on Track With Increased Occupancy, Revenues and New Facilities (EXCLUSIVE)
Nick Vivarelli International CorrespondentThe radical revamp of Italy’s Cinecittà Studios, which has been underway since May, is 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 on the way, according to managing director Nicola Maccanico.Maccanico, a former Warner Bros. and Sky Italia senior exec, came on board in April to run Cinecittà with a mandate from Italy’s culture minister Dario Franceschini to turn the iconic 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.