Last updated: Thursday, July 10, 2008
ITALIAN GOVERNMENT OFFICIALS AVERT FILM FESTIVAL BOYCOTTS
The Italian government has averted a boycott of the Venice, Rome and Turin Film Festivals, by introducing huge tax incentives to make movies in the country.
Members of the Italian film industry threatened to walk away from the nation's biggest movie events, after authorities cut tax credits last month (Jun08) - depriving local communities of $250 million (GBP125 million) in movie money.
But the festival boycott was called off after Silvio Berlusconi's government reintroduced the measure, which produces tax credits amounting to 25 per cent of a film's budget, up to $7.7 million (GBP3.85 million).
The credits were first introduced in 2007 to help boost Italy's film industry. Last year $496 million (GBP298 million) was spent on movie shoots in the country.
Source: WENN
E-mail this to a friend
Printable version
Post a commentPOST A COMMENT
ENTERTAINMENT NEWS:
HARTNETT TO CLOSE STOCK EXCHANGE
Movie star JOSH HARTNETT will ring the closing bell at the New York Stock Exchange on Friday (11Jul08) to promote his latest film AUGUST.
MORE NEWS:
. JOEL STILL PUZZLED ABOUT RECORD BAN
. THREE 6 MAFIA TO PERFORM INTIMATE MYSPACE SHOW IN MIAMI
. LAUREN CONRAD OUTSIDE COCO DE VILLE
. ANDERSON CONFIRMS TOMMY LEE ROMANCE
. KILMER REPLACES ARNETT AS K.I.T. OVER TRUCK AD MIX UP
. MOVIES THIS WEEK
. HINDUS DEMAND FILM + BOOK TO COUNTER LOVE GURU 'MISREPRESENTATION'
. WENTZ CAUGHT UP IN DRIVING LICENSE MIX-UP
. QUARANTINE THEATRICAL TRAILER
. BEHIND THE SCENES: 'UGLY BETTY'
