$21.7 million deal covers 500 Italo movies

MILAN — Italian Prime Minister Silvio Berlusconi’s broadcast group Mediaset has bought the 500-title film library formerly owned by rival media mogul Vittorio Cecchi Gori.

The e17.5 million ($21.7 million) deal covers films by directors Luigi Zampa, Luciano Salce, Ettore Scola, Sergio Rubini, Alessandro Benvenuti, Carlo Vanzina and Neri Parenti, plus rights to Hollywood content from the 1980s and 1990s not distributed by the majors.

The library was first put up for sale when Cecchi Gori’s holding company Finmavi went bankrupt in 2006.

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