Audiovisual: agreement with APE to support foreign productions in Italy
Intesa Sanpaolo and APE-Associazione Produttori Esecutivi Italiani (Association of Italian Executive Producers) have signed an agreement to support foreign executive productions in Italy: the aim is to attract foreign productions by fostering the role of the cinema as an economic catalyst for numerous production sectors, with benefits for the entire supply chain in terms of both employment and the promotion of Italy and Made in Italy.
More specifically, through the agreement, Intesa Sanpaolo will make available to APE member companies the specialist support of its Desk Media & Culture for:
- ordinary and extraordinary finance operations - such as financing, tax credit mobilisation and VAT credit advancess
- specific solutions for foreign and Italian executive productions.
The agreement was presented at the American Film Market in Las Vegas, during a meeting in which APE-Associazione Produttori Esecutivi Italiani explained to industry operators the tax benefits currently in force in Italy and the opportunities offered by Cinecittà Studios.
According to an analysis by APE, 395 foreign productions have benefited from Italian tax credit measures in the last five years. Italy is amongst the world’s cheapest destinations from a tax point of view, where to make films, TV series and in general quality audiovisual productions.
Intesa Sanpaolo, leading bank for the audiovisual sector
Since 2009, Intesa Sanpaolo has supported the productions of approximately 670 national and international films and TV series, as well as 190 commercials, “factuals” and TV formats, becoming a key banking partner for national and international operators.
With around €3 billion in disbursements to the audiovisual sector - to which a further €5 billion has recently been added through to 2026 - Intesa Sanpaolo offers a specialist approach both in the project structuring phase - with a consultancy service on the various financial aspects - and in the implementation phase.
These interventions are part of the overall €410 billion planned by the Group for the realisation of the NRRP objectives, including Culture 4.0
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Last updated 12 November 2024 at 10:18:33
