It’s all in the family at Fininvest

Berlusconi, Letta kids upped in company's film unit

ROME — In an exec reshuffle made necessary by the death last month of Medusa president Carlo Bernasconi, Marina Berlusconi has been named prexy of Fininvest’s film division and Giampaolo Letta has been upped to VP.

The appointments continue a Fininvest tradition of placing family and close associates in key positions.

Berlusconi is the daughter of Fininvest chief and recently elected Italian Premier Silvio Berlusconi. Letta is the son of the media magnate-turned-politico’s right-hand man, Gianni Letta. The younger Letta had been Medusa’s director of communications.

Tops at Italo B.O.

The film unit emerged from the 2000-2001 box office season, which ended in June, as the undisputed Italian market leader with a 23% share and nationwide theatrical grosses of more than 220 billion lire ($100 million).

Overall sales for the division last season hit $1.1 billion and Medusa’s investment in film production and acquisitions this year is pegged at $115 million.

Marina Berlusconi will remain in Milan and will focus on the corporate strategy of the Fininvest holding company. Much of the day-to-day running of Medusa is expected to fall to Letta in Rome, working alongside CEO Federico di Chio.

In addition to being upped to VP, Letta also has been appointed to Medusa’s board, now headed by Marina Berlusconi. Letta’s father has stepped down after assuming a key role in the Berlusconi government.

Separately, fellow board member and Fininvest general affairs director Alessandro Grimaldi has been appointed president of exhibition division Medusa Cinema.

More Film

  • Animation Studio Fire

    Kyoto Arson Attack: Animation Community Mourns Colleagues

    Thursday’s deadly attack on Japan’s Kyoto Animation studios left many in the animation community shocked and horrified by the loss of 33 of their colleagues. Another 36 people were injured in the attack, which was Japan’s deadliest ever. A suspect was arrested after pouring a flammable liquid inside the building, which caught fire and trapped [...]

  • Nicolas Cage

    Film News Roundup: Nicolas Cage's '10 Double Zero' Completes Financing

    In today’s film news roundup, financing has been secured for a Nicolas Cage police drama, feature drama “Topside” is unveiled and the late Tom Snyder is getting a tribute from his daughter. FINANCING COMPLETED DCR Finance Corp. has signed a deal to complete the financing for Nicolas Cage’s upcoming crime drama “10 Double Zero.” The [...]

  • Matt Damon and Tom McCarthy Team

    Matt Damon Teams with 'Spotlight' Director Tom McCarthy on New Film (EXCLUSIVE)

    Even as buzz grows for his upcoming race car drama “Ford v. Ferrari,” Matt Damon looks to keep the pedal to the metal: the A-lister is set to star in the Participant Media feature film “Stillwater” with Tom McCarthy directing. Damon attached himself in May, and the package was quickly acquired by Participant, who previously [...]

  • US actor Kevin Spacey (C) is

    Kevin Spacey Shouldn't Be Exonerated in Hollywood Even as Criminal Case Ends (Column)

    The news that criminal charges against Kevin Spacey in the Nantucket groping case have been dropped raises an inevitable question: does this mean he can claw his way back into Hollywood’s good graces? Or maybe more importantly: should it?  Spacey’s rapid descent was startling, even as it quickly followed that of the once untouchable producing [...]

  • Movie Ticket Subscriptions

    As MoviePass Fades, Theaters Fall In Love With Subscription Services

    MoviePass may be cratering, but movie theater subscriptions are here to stay. AMC and Cinemark already operate their own online ticketing services. And by the end of July, Regal Entertainment is expected to unveil a subscription plan for customers accustomed to getting all manner of entertainment for a monthly fee. With ticket sales down more [...]

  • This photo shows composer Hans Zimmer

    Hans Zimmer on Recreating Iconic Score: 'The Lion King' 'Brought People Together'

    Composer Hans Zimmer is seated at the mixing board at the Sony scoring stage, head bobbing to the music being performed by 107 musicians just a few yards away. He’s wearing a vintage “Lion King World Tour” T-shirt, frayed at the collar. On the giant screen behind the orchestra, two lions are bounding across the [...]

More From Our Brands

Access exclusive content