Company Directory - Cinecittà Studios
Company Details - Cinecittà Studios
Cinecittà Studios
WebsiteRome, Italy
Cinecittà Studios is a renowned filmmaking studio located in Rome, Italy, known for its cinematic productions. It has been the site for numerous famous films and provides diverse production facilities for various media productions.
CCI Score
CCI Score: Cinecittà Studios
-24.05
0.01%
Latest Event
Accounting Irregularities Spark Corporate Governance Concerns at Cinecittà Studios
On August 1, 2024, concerns about Cinecittà’s financial integrity were raised during a board meeting after auditing firm PwC uncovered a 6.7 million euro discrepancy in the company’s accounts. This discovery has spurred an internal investigation into potential misstatements and lapses in financial oversight, with the new management now working to address the issue.
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ACCOMPLICE
Cinecittà Studios is currently rated as an Accomplice.
Latest Events
- AUG012024
On August 1, 2024, concerns about Cinecittà’s financial integrity were raised during a board meeting after auditing firm PwC uncovered a 6.7 million euro discrepancy in the company’s accounts. This discovery has spurred an internal investigation into potential misstatements and lapses in financial oversight, with the new management now working to address the issue.
-40
Business Practices and Ethical Responsibility
April 1
The report of a significant 6.7 million euro shortfall discovered by PwC exposes serious issues in corporate financial oversight and governance. Such mismanagement undermines trust and accountability, reflecting negatively on ethical business practices. Although the irregularities might result from accounting errors, the scale of the discrepancy raises red flags about the integrity of the company’s financial practices.
Questions Arise About Accounting Irregularities at Rome’s Famed Cinecitta Studios
- JUL042023
Nearly 200 film production workers occupied Cinecittà Studios in Rome in protest against a management plan to transform the historic studio into a luxury tourist destination. The plan, aimed at addressing a €4 million debt, includes outsourcing film production workers to cut costs, which has raised concerns over worker rights and economic sustainability in Italy’s film industry.
-80
Labor Relations and Human Rights Practices
April 1
The plan to outsource film production workers and transform Cinecittà Studios prioritizes debt reduction and luxury tourism over the preservation of film production jobs, undermining worker rights and cultural heritage. This decision represents a significant disregard for the labor relations and human rights practices expected in a traditional, culturally significant production facility.
-50
Economic and Structural Influence
April 1
The decision to repurpose a historically significant film studio into a luxury tourist destination reflects a broader economic restructuring that compromises the studio’s original production purpose. This shift not only affects local cultural and industrial dynamics but also contributes to adverse economic and structural influences in the film production sector.
- MAY212023
Trade unions have urgently called for a dialogue with Cinecittà Studios management over a planned unilateral strategy that involves applying mobility measures for 30 employees and using short-time work (cassa integrazione) for staff at Cinecittà Digital Factory. The unions warn that such moves jeopardize job security and undermine workers' rights.
-60
Labor Relations and Human Rights Practices
April 1
Cinecittà Studios' management proposed a downsizing plan that includes mobility measures for 30 employees and implementing short-time work for Cinecittà Digital Factory's personnel. This action, undertaken without sufficient consultation with labor representatives, has raised serious concerns among unions regarding job security and the erosion of workers’ rights, reflecting poor labor practices and an authoritarian unilateral decision-making process.
Cinecittà Studios, i sindacati richiedono un confronto urgente con i ...
- JUL112012
Around 200 Cinecitta employees protested on July 11 against a planned $200 million revamp that would repurpose part of the historic backlot for a hotel, wellness center, and new soundstage. The protest, featuring union flags and creative occupation symbols, highlighted workers’ concerns over changing long-standing working conditions and the potential loss of Cinecitta's cinematic legacy.
+80
Labor Relations and Human Rights Practices
April 1
The protest demonstrates a strong stand by employees to protect their working conditions and preserve the studio’s cultural heritage against management’s profit-driven modernization plans. This act resonates positively from a labor rights and anti-authoritarian perspective, highlighting progressive worker mobilization.
- APR211937
On April 21, 1937, Cinecittà Studios was inaugurated by Benito Mussolini, his son Vittorio, and Luigi Freddi as part of a Fascist regime initiative to revive Italian cinema and use the medium for propaganda, reflecting early state involvement in cultural and political influence.
-70
Public and Political Behavior
April 1
The studios were established under the Fascist regime, with its leadership directly using the platform of cinema as a weapon of propaganda. This clearly ties the company’s founding to authoritarian political objectives, marking it as complicit with oppressive state mechanisms.
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- Motion Picture and Video Production
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- Teleproduction and Other Postproduction Services
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- Independent Artists, Writers, and Performers