State posts a 9-year loss of 400m
by Cineuropa
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Since 1994, the Italian state has lost over Euros400m in film funds. The startling figure is the result of a survey into Italian state film funding that was carried out and published by trade weekly, Box Office, and reported by Italys leading financial daily newspaper, "Il Sole 24 ore".
According to the results of the Box Office report, the Italian state assigned a total amount of Euros497m for 362 Italian productions since the introduction of the so-called "Guarantee Fund – Fondo di Garanzia" in 1994 to the present day.
232 of those films, made with a total of Euros340m, were released theatrically but only managed to take a total of Euros73m at the box office. Minus the share that goes to the exhibitors and Siae. Many of the films made with public funds were either never released or never even made. Of the 327 films that received money, only 232 were released, 72 were not, there is no trace of 18, 4 are suspended and one title was re-presented to the Credit Commission for a re-evaluation.
(Translated from Italian)
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