Cinecittà Returns To Profit As Int’l Productions Line Up To Shoot At Historic Rome Studios
deadline.comItaly’s Cinecittà studios have returned to profit one year ahead of the schedule set in its 2022 to 2026 industrial plan, aimed at returning the facility to its former glory as a major international filming hub.
It is the first time the complex’s results have been in the black since it was taken back under state control in 2017, after being run into the ground under private ownership for more than two decades.
Parent body Cinecittà S.p.A announced a $1.9 million (1.8 million euros) net profit for 2022, and a doubling of turnover to $42 million (39 million euros) against 2021, mainly on the back of a raft of bookings for the facilities.
The company said the complex had been booked to above 75% capacity in 2022, against 31% in 2021, a trend that has continued into 2023.
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