ROME, ITALY - 30 MARCH 2015: Giuseppe Basso, CEO of Cinecittà Studios, poses for a portrait in Cinecittà, Rome, Italy, on March 30th 2015.
Italy instated a special 25% tax credit for film productions in 2010. The industry then lobbied to remove the credit’s cap, and last July, Italy lifted its tax credit limit from €5 million per movie to €10 million per company per year.
Cinecittà, a large film studio in Rome, is considered the hub of Italian cinema. The studios were founded in 1937 by Benito Mussolini as part of a scheme to revive the Italian film industry. In the 1950s, the number of international productions being made here led to Rome being dubbed as the "Hollywood on the Tiber". In the 1950s, Cinecittà was the filming location for several large American film productions like Ben-Hur, and then became the studio most closely associated with Federico Fellini.
After a period of near-bankruptcy, the Italian Government privatized Cinecittà in 1997, selling an 80% stake.
Currently Ben-Hur and Zoolander 2 are booked into Cinecittà Studios.