Italo state entity Cinecitta Luce is taking its cue from Hollywood and forging closer ties with India.
Cinecitta Luce and its Cinecitta Studios, the mammoth facilities once known as Hollywood on the Tiber, have announced a long-term agreement with the National Film Archive of India and plan to step up co-productions with the country.
Cinecitta Studios will handle the restoration and conservation of a large portion of vintage Indian reels languishing in the Mumbai archives, which hold one of the world’s most prolific collections. Cinecitta Luce and NFAI will also exploit each other’s archives for commercial purposes.
Italy’s film community is expected to play a prominent role at India’s Ficci-Frames media and entertainment meet in Mumbai in March, where the two countries hope to make co-production pacts using private coin and subsidies. Cinecitta is also seeking Indian investors for its planned $800 million theme park.
The two have had a co-production pact in place since 2007.