An offer they couldn't refuse (but probably should have): the ineffectiveness of Italian state subsidies to movie-making

Emanuele Teti, Alan Collins, John Sedgwick

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Abstract

Public financial support to national movie (film) production is typically conditional on very subjective artistic and socio-cultural criteria and objectives. Yet the question remains as to whether state subsidies actually help films at the box office. This paper shows the public grant regime in Italy did not develop the industry as intended, since in an overwhelming number of cases, production losses exceeded subsidy. The subsidy regime was ineffective and wasteful. Specific institutional and political features characterizing the Italian system are important components in this story. The conclusions will be of interest to all countries making commercial films.
Original languageEnglish
Pages (from-to)181-188
JournalPublic Money & Management
Volume34
Issue number3
DOIs
Publication statusPublished - 4 May 2014

Keywords

  • Arts and cultural Policy
  • film
  • Italy
  • market failure
  • movies
  • subsidies

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