2 items from 2014
Rome – Hot on the heels of Italian director’s Alice Rohrwacher’s success with “The Wonders” at Cannes, veteran Italian distributor Valerio De Paolis has sealed a deal to acquire a 20 percent stake in Carlo Cresto-Dina’s Tempesta Film, producer of the fest’s recent Grand Prix winner.
De Paolis (pictured) is the founder of Bim Distribuzione, which is currently releasing “The Wonders” in Italy, where the drama about the inexorable evaporation of healthy rural traditions is playing well at the local box office, having pulled roughly $800,000 in two weeks.
The long-in-the-works investment deal gives De Paolis an option to raise his stake in Tempesta to 40 percent over the next twelve months. But it does not involve any type of special relationship with Bim or with Bim’s owner, Wild Bunch.
“After many years in the business I am proud to be able to work with a young company, which »
- Nick Vivarelli
In the next twelve months, De Paolis has the option to increase his stake to 40%.
tempesta recently produced Alice Rohrwacher’s The Wonders, which won the jury pirze in Cannes.
The investment deal has been in the works for months, and De Paolis said the Cannes prize was “a beautiful seal on our agreement.”
“It’s a time of growth for us, we hope to deserve this responsibility,” said Cresto-Dina. “As a small company we need investment but
especially we needadvice, guidance, and experience [that De Paolis provides].”
Also, Alice Rohrwacher and Leonardo Costanzo, tempesta’s main directing talents, are joining the company as partners. »
- email@example.com (Wendy Mitchell)
2 items from 2014
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