{"id":11779,"date":"2025-10-24T08:41:25","date_gmt":"2025-10-24T06:41:25","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/lifestyle-ent\/italys-film-industry-warns-of-damage-from-government-funding-cut\/"},"modified":"2026-02-27T14:23:02","modified_gmt":"2026-02-27T12:23:02","slug":"italys-film-industry-warns-of-damage-from-government-funding-cut","status":"publish","type":"lifestyle-ent","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/lifestyle-ent\/italys-film-industry-warns-of-damage-from-government-funding-cut\/","title":{"rendered":"Italy&#8217;s film industry warns of damage from government funding cut"},"content":{"rendered":"<div>Italy&#8217;s film industry, renowned for past masters such as Federico Fellini and more recently for Paolo Sorrentino&#8217;s Oscar winning &#8220;The Great Beauty&#8221;, says its future is under threat from planned government cuts.<\/div>\n<div><\/div>\n<div>Rome&#8217;s draft 2026 budget presented last week by Prime Minister Giorgia Meloni&#8217;s right-wing government slashes $175 million support fund for the industry, with another 50-million-euro cut scheduled for 2027.<\/div>\n<div><\/div>\n<div>The move will affect the tax credit incentive fund, introduced 17 years ago to relaunch the then struggling sector, which allows producers to recover up to 40% of their investment costs.<\/div>\n<div><\/div>\n<div>&#8220;The cut is shaking up the entire industry,&#8221; Stefania Balduini, founder of the production company Pistacchio Film, told\u00a0<i>Reuters.<\/i><\/div>\n<div><\/div>\n<div>&#8220;Tax credits are a tool that exists in almost all European countries, and they are essential for financing projects. Fewer projects will be made, fewer crews will be working, and many will change jobs,&#8221; she said.<\/div>\n<div><\/div>\n<div>Italy&#8217;s film sector associations said in a joint statement that the government&#8217;s move &#8220;will cost thousands of jobs in a sector that is strategic for both the Italian economy and the country&#8217;s international image.&#8221;<\/div>\n<div><\/div>\n<div>Around 124 000 people are currently employed in Italy&#8217;s film industry, television and radio sectors, they said.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":11780,"template":"","meta":{"_acf_changed":false},"featured-post":[191,192],"class_list":["post-11779","lifestyle-ent","type-lifestyle-ent","status-publish","has-post-thumbnail","hentry","featured-post-feature","featured-post-lifestyle-ent","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/lifestyle-ent\/11779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/lifestyle-ent"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/lifestyle-ent"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/11780"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=11779"}],"wp:term":[{"taxonomy":"featured-post","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/featured-post?post=11779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}