Events Initiatives

Italy’s cinema and audiovisual industry in numbers – 2023

29-08-2024 Monica Sardelli Reading time: 3 minutes

Cinema production

402 films were produced in Italy in 2023 (+13% on 2022), an increase on pre-pandemic numbers (+23,7% on 2019).
262 films were 100% Italian productions (156 features, 106 documentaries), in addition to 92 co-productions, for a total of 354 films eligible as Italian, an increase of 12% on 2022.
Increase in female directors (films and documentaries) both as a percentage of the total (17%) and in unit terms (+52% on 2022).
The total cost of the films produced tallies to over €700M (+21% on 2022).
Cost breakdowns demonstrate that approximately 57% of budgets come from “other”, attributable mostly to broadcaster and platform investment.
The largest quota of domestic public investment derives from tax credit: in 2023 tax credit for production alone came to €206.13 M (+17.6% on 2022).
2023 registered an increase in tax credit requests in number of films (398) and credit amount (€225.26 M).
60 to 80% of the films completing classification between 2019 and 2023 were distributed theatrically.

248 audiovisual works (for TV and internet) were produced in 2023, more than double the amount produced in 2019 and an increase on 2022 (TV: +13, internet +5).The overall cost of Italian initiative audiovisual works produced in 2023 increased to €824M, almost €100M more than the previous year.
Cost breakdowns demonstrate that almost 65% of budgets come from “other”, attributable mostly to broadcaster and platform investment.
Production tax credit in 2023 was worth €254.81M (+6% on 2022).
In 2023, the works requesting tax credit were 219, for a total of €276M: in particular, there was an increase in the resources to support works for the internet. The overall investment was almost €900M.

From 2016 to 2023, 186 films requested international tax credit for a total of > € 513 M.
International tax credit was requested for 31 films in 2023 (40 in 2022) for a total of € 167M.
From 2016 to 2023 a total of € 1.38 B was requested in international tax credit.di euro.

From 2016 to 2023, 168 audiovisual works (TV & internet) requested international tax credit for a total of > € 365 M.
International tax credit was requested by 26 international audio-visual productions in 2023 (33 in 2022) for a total of € 55M.
From 2016 to 2023 a total of € 1 B was requested in international tax credit.

In 2023 52 videogames requested tax credit (37 in 2022) for a total of €9.3 M (€12.8M in 2022)
A total of > €27M in credit was attributed to 117 works, produced by 79 companies in the three year period.
The total investment for which tax credit was requested (2021-2023) was €127M.