Milan Fininvest managing director Ubaldo Livolsi said that the group’s Medusa Films unit, along with soccer team AC, football club Milan and telephone directory business Pagine Utili are likely to be listed on the Milan stock exchange.
In a speech Tuesday in Rome, Li-volsi said that the launch of the three units has been planned but he did not give any deadline.
Medusa Films is the film distribu-tion and production arm of Silvio Berlusconi’s media empire. It also owns Cinema 5, which runs several theaters in Italy.
When all Fininvest’s TV activities were spun off and grouped in Mediaset in 1996, they were launched on the stock market; Medusa remained under the control of Fininvest. Fininvest is still fully controlled by the Berlusconi family.
In an effort to lure more foreign production, Canada plans to unveil hefty tax credits for producers who lense north of the border.Effective immediately, the Canadian Federal Government will offer an 11% tax credit for all below-the-line labor costs in foreign film and TV production. The government of Ontario is also offering a new, separate 11% tax break, allowing producers to double their total savings to 22% for all below-the-line costs when filming in Ontario.
Under previous federal tax struc-ture, Canada offered an 8¼% tax shelter.
The European Film Academy will honor French actress Jeanne Moreau and Czech-born director Milos Forman at the European Film Awards cere-mony, which will be held in Berlin on Dec. 6.
Moreau, who appeared in films such as Francois Truffaut’s “Jules et Jim” and Michelangelo Antonioni’s “La Notte,” will be presented with an award for lifetime achievement.
Forman, the Oscar-winning direc-tor of “Amadeus” and “The People vs. Larry Flynt,” will be given the newly created European Achievement in World Cinema award. Moreau and Forman will be in Berlin to accept the awards.
All South African broadcasters were slapped with a mandatory 20% local music quota by the Independent Broadcasting Authority (IBA), the country’s independent media watch-dog.
The IBA said it had given broad-casters six months’ notice of the requirement.
“The regulation applies to all sound broadcasting services that devote at least 15% of their programming to playing music,” the IBA said. From now on, 20% of those musical tracks played by broadcasters are required to be South African.