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Rome Film Festival Didn't Do as Well as Hoped

Posted: Feb. 19th, 2013  |  By Michael Pearse

Rome’s 2012 film festival closed on the negative side of the economy. Part of the fail was due to weak ticket sales and minimal sponsor support. President Paolo Ferrari released a statement recently stating that the festival ended in the black. Ferrari has had very small success since he came to Rome eight years ago.

ROME – The parent organization of the International Rome Film Festival finished last year in the black, according to a statement released Friday by its president,Paolo Ferrari, contradicting recent reports indicating that it had a significant budget shortfall due to weak festival ticket sales and sponsor support, along with cost overruns.

Ferrari, who came to the eight-year-old Rome festival along with former Venice artistic director Marco Mueller last year, did not state how much of a profit the Fondazione Cinema per Roma made in 2012, saying that the event’s financial statement had yet to be approved by the board. But he said, “commitments … and scrupulous control over production costs of the International Rome Film festival … have made it possible for the Fondazione Cinema per Roma to close the year 2012 with a positive business performance.”


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