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Home»Business»Italian movie business recovers
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Italian movie business recovers

The Elite Times TeamBy The Elite Times TeamFebruary 17, 2024No Comments4 Mins Read
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Italy, a country to watch at this year’s European Film Market in Berlin, is seeing a boom in production activity as well as box office revenues starting to pick up. However, there is room for improvement in terms of the number of titles that can break out internationally.

Cinema Italiano’s production volume now reaches more than 350 films per year, including co-productions, an increase compared to pre-pandemic levels. Still, while exports are on the rise, Italy has only a handful of directors whose films regularly tour the world, including Paolo Sorrentino, Luca Guadagnino, Matteo Garrone and Alice Rohrwacher.

That said, a new generation of Italian writers is emerging. A case in point are his two titles from this country that were entered into competition at the Berlin Film Festival, his star-studded science fiction film Another End and the musical comedy Gloria!

“Another End” is director Piero Messina’s second film, the first of which “The Weight” was released in Venice in 2015 and became a hot topic. “The End” stars Gael García Bernal and Renate Reinsve (“The Baddest Guy in the World”). As lovers caught in an abnormal bondage.

Directed by first-time director Margherita Vicario, Gloria! is set in an 18th century Venice boarding school for girls. The film follows a young rebel who leads a group of performers who challenge classical norms and invent the precursors of pop music.

Another feature debut, the drama “There’s Still Tomorrow” marks the directorial debut of popular Italian actor Paola Cortellesi (who also plays the lead role) and has recently achieved phenomenal success. Colteledge’s black-and-white film, which depicts the plight of an abused housewife in post-war Rome, grossed a staggering $36 million at the local box office late last year and is poised to take the number one spot on the charts for 2023. Obtained. In Italy, “Still Tomorrow” surpassed “Barbie” to take second place with approximately $35 million.

There’s Still Tomorrow has been released theatrically in many international territories through Vision Distribution, but sales in the United States are still pending.

Overall, Italian theatrical revenues in 2023 will increase by around 60% to €495 million ($542 million), with the country’s attendance reaching 70.5 million, an increase of around 60% compared to 2022. Increased by 60%. The benchmark for a good year was considered his 100 million enrollment.

In terms of film exports, Italy’s current best-selling film is Garrone’s Oscar-winning international drama “Io Capitano,” a Homeric story about Seydou and Moussa, two young African men who decide to leave Senegal and reach Europe. It depicts the journey of Pathé has secured deals for the film around the world, including with Cohen Media Group in the US. “Io ​​Capitano” realistically portrays the protagonists’ journey through the desert, the horrors of the Libyan concentration camps, and the dangers of crossing the Mediterranean Sea to reach Europe.

Other Italian films currently gaining worldwide attention include Rohrwacher’s “The Crown” star Josh O’Connor plays a British archaeologist involved in an international network of stolen Etruscan antiquities. There is “La Chimera”. Neon acquired North American rights to “La Chimera” during the film’s production, and it was distributed worldwide by Match Factory after its Cannes premiere last year.

Match Factory also had a brisk global business, including the US sale to Cohen Media of veteran author Marco Bellocchio’s Cannes-titled Kidnapping. This work is a reconstruction of the true story of Edgardo Mortara, a Jewish boy who was kidnapped and forcibly raised as a Christian. Italy in the 19th century.

And another title in Italy’s 2023 Cannes competition, Nanni Moretti’s “Il sol dell’avvenire” (“Bright Tomorrow”), a multi-layered love letter to filmmaking in the age of streaming giants, is the French It sold well through Kinology and received contracts throughout Europe and Latin. America.

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