Nicola Maccanico, a former Warner Bros. and Sky Italia senior exec, has been spearheading the radical overhaul of Rome’s Cinecittà Studios since June 2021, when the government-owned facilities secu…
Nicola Maccanico, a former Warner Bros. and Sky Italia senior exec, has been spearheading the radical overhaul of Rome’s Cinecittà Studios since June 2021, when the government-owned facilities secured a multi-million dollar loan provided by the European Union’s post-pandemic recovery fund to upgrade and expand the iconic facilities.
We are in good health. After bringing the studios back in the black [with a €1.8 million profit for fiscal 2022], we are on a growth trajectory for 2023. We’ve had a great first semester, thanks to productions such as Luca Guadagnino’s “Queer” with Daniel Craig, Roland Emmerich’s “Those About to Die” and Joe Right’s “M,” just to name a few. And by the way, Emmerich is still shooting. But, of course, we are starting to suffer the impact of the SAG-AFTRA strike. So we are growing.
There is plenty of prep activity underway. We are interacting with several productions that are ready to go. As soon as — as I hope — the situation gets unblocked, I expect to see plenty of [U.S.] productions at Cinecittà, besides the ones that are currently shooting. Of course, the more the strike drags on, the more this will weigh on the budgets of these productions.
Cinecittà is running on all cylinders. But the notion that the studios are fully occupied through 2030 is an illusion. Like all studios, when you are full, it means you are 80% full. And there are always more opportunities. So Cinecittà will continue to be successful but also very accessible, and that’s how we want it.
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