Investment in Italy‘s TV and film sector passed $2B ($2.2B) last year, according to stats revealed here at MIA Market, but alterations to the country’s tax break system could spell change.
The numbers from the Association of Audiovisual Producers‘s sixth annual report mean investment has nearly doubled since 2017 and is up €200M.
This is an 11% rise on last year’s figure. However, recently enacted changes to the tax credit system could bring about “significant change and evolution” to the local production sector, APA President Chiara Sbarigia said today.
Overall, the APA painted a broadly positive picture of Italian production, with TV shows remaining the strongest segment. Entertainment and other unscripted genres continue to lead the market, with productions for movies increasing by 21%, video-on-demand platforms by 16%, and TV by 8%.
Read more on deadline.com