Benigni sells studio stake to Cinecitta

Agreement is part of studio's expansion plan

ROME — Helmer Roberto Benigni has sold a 60% interest in his Papigno production facility to Rome’s historic Cinecitta Studios.

Located in Terni, in the Umbria region north of Rome, Papigno is a former steel mill converted by Benigni and his wife, Nicoletta Braschi, into a state-of-the art studio facility with five soundstages and full service, including carpentry, costumes, catering and casting.

Cinecitta Studios prexy Luigi Abete would not disclose financial details of the deal.

The agreement is part of Cinecitta’s expansion plan: It also recently acquired Roma Studios, its rival in the Italian capital.

“It is essential for us that Roberto and Nicoletta remain involved in Papigno. Their names represent a huge added value,” Abete said.

Benigni filmed “Life Is Beautiful” and “Pinocchio” at Papigno and now is working on “The Tiger and the Snow” there. Papigno also hosted Mediaset TV series “Carabinieri.”

Cinecitta, which has 22 soundstages, is attracting an increasing number of Hollywood productions, most recently Wes Anderson’s “The Life Aquatic With Steve Zissou” and HBO’s “Rome,” which is occupying most of its back lot.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety