Magazine article Screen International

Italy's Telecom Provides Cash Injection to Cinecitta Luce

Magazine article Screen International

Italy's Telecom Provides Cash Injection to Cinecitta Luce

Article excerpt

Italy's Telecom has stuck an agreement with Cinecitta Luce in a bid to keep the cash strapped film promotional body, archive and source of financing afloat.

Presented during the Venice Film Festival, the agreement will see Telecom providing an initial injection of $700,000 ([euro]500,000), reaching $424m ( [euro]3m) to complete the first project. In exchange, Telecom will have access to Cinecitta Luce's titles as part of Telecom's new IPTV and WEB TV service called Cubovision.

Cinecitta Luce will have three channels on Cubovision upon which to show 50 library titles, which will be rotated periodically. Films and docs will be offered free on the platform. A total of 150 films and documentaries will be available on pay per view, while an additional 200 will be accessible for free. …

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