Manuela Cacciamani
Cinecittà has announced its financial results for 2024, reporting a reduced loss of €11.5 million—over €2 million better than previous forecasts—and a positive net equity of €4.2 million. These results mark a significant turning point for the iconic Italian studio, which has undergone major changes under its new leadership.
"Today, Cinecittà is restarting. I accepted the position of CEO in July 2024, and—speaking also on behalf of the entire Board of Directors—I can say we expected to find a healthy company. That’s how it was portrayed by those who preceded me. Instead, we uncovered €8 million in negative adjustments for 2023 and €13.6 million in losses by July 2024—over €21.5 million in total losses inherited from the previous management, along with a negative cash flow and severely depleted equity. These figures were, unfortunately, confirmed by all parties—old and new stakeholders, technical experts, and audit firms alike," said Manuela Cacciamani, CEO of Cinecittà. "There were no new production contracts in place, apart from a framework agreement with Fremantle that, despite appearing lucrative in revenue terms, actually generated negative margins and destroyed value rather than creating it. Recovery was extremely difficult. 2024 still bears the scars of the past. But the entire Board stood united, and they deserve recognition—along with the Ministry of Culture, which consistently supported us. We tackled a complex situation with determination, and today Cinecittà has solid foundations to look ahead with confidence," she continued.
In just six months, Cinecittà’s new governance has implemented structural cost savings exceeding €5 million, relaunched production contracts, and increased revenues by €1.2 million, putting the company on a stronger financial footing.
"Returning to a position of financial stability and the approval of the new Industrial Plan are proof that this relaunch is real. The return of profitable contracts marks the beginning of a new chapter—perhaps with lower revenue, but with positive margins instead of the negative ones we saw before. Delivering quality services is key to remaining competitive. That’s why we’ve prioritized fulfilling every commitment related to the National Recovery and Resilience Plan (PNRR). Cinecittà is once again becoming a true leader in Italy and on the international stage,” Cacciamani concluded.
INDUSTRIAL PLAN
During its General Assembly, Cinecittà approved its 2025–2029 Industrial Plan, which outlines a roadmap for continued growth. The plan forecasts revenues reaching €51.9 million by 2029, positive profit margins, and the operation of nine fully functional soundstages by 2026.
The plan is built on six strategic pillars: Optimization, Quality, Support, People, Diversification, and Sustainability. Key elements include strengthening technological services, expanding the Luce Archive and the MIAC (Italian Museum of Audiovisual and Cinema), implementing sustainable practices, and investing heavily in human capital through new hires, training programs, and enhanced corporate welfare.
In addition, shareholders officially appointed Antonio Saccone as the new President of Cinecittà SpA, marking another key step in the company's strategic renewal.
This restructuring and renewed outlook reflect Cinecittà's ambition to remain a central hub in the European and global audiovisual landscape.
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