Silvio Berlusconi Expelled From Italian Parliament
Italyâ€™s senate on Wednesday expelled former Prime Minister Silvio Berlusconi from his parliamentary seat over his August conviction for tax fraud. This will be the first time the Mediaset chief will not hold an elected office in about 20 years. The New York Times notes that without the protections afforded to lawmakers, Berlusconi is now more vulnerable in other legal cases against him. Reuters quoted Berlusconi as saying to his Forza Italia party, “We are here on a bitter day, a day of mourning for democracy.”
MGM International TV Distribution Inks Deal With Turkey’s D-Smart
Turkish digital platform D-Smart, a subsidiary of Dogan TV Holding, has inked a multi-year first pay deal with MGM International Television Distribution. The exclusive deal gives D-Smart access to new releases and library titles. The package will include the Hobbit trilogy, Carrie, Hansel & Gretel: Witch Hunters, Four Weddings And A Funeral and the Pink Panther movies, among others. In addition to linear distribution, D-Smart will also offer the films via SVOD through its digital service, D-Smart Blu. Read More »
UPDATE, 12:50 PM: Italy’s Supreme Court has upheld the tax fraud verdict and one-year prison sentence for billionaire Italian politician/media mogul Silvio Berlusconi, but because of his age (he’s 76) it’s unlikely he’ll go to jail, the BBC reports. The court did order a review of a five-year ban on public office that was part of the original sentence. Berlusconi faces house arrest or community service according to the report. The ruling today by Rome’s Court of Cassation came after a three-day hearing.
PREVIOUS, Tuesday: Italy’s Supreme Court will deliver its verdict in the tax fraud case against billionaire Italian politician/media mogul Silvio Berlusconi either tomorrow evening or on Thursday, his attorney said today. The court started hearing the case today and is the last stop on the appeals circuit for the Mediaset chief. He was sentenced in October last year to four years in prison and a five-year ban from politics for having inflated prices paid for broadcast rights to U.S. movies and TV shows via offshore companies controlled by his Fininvest holding company. Berlusconi and other execs were then alleged to have skimmed off part of the money to create illegal slush funds. Mediaset has benefited from an essentially free pass in terms of antitrust and other rules thanks to Berlusconiâ€™s place in politics. But if the mogul were no longer allowed to stand for office, the conglomerate could be subject to any number of unfavorable new laws. Shares in Mediaset and other companies controlled by Fininvest were all up in trading today. Read More »
Following France and India, this is the latest installment in Deadlineâ€™s series of reports on the people, projects and polemics that have folks buzzing in various overseas territories.
Italyâ€™s movie business continues to get slammed harder and harder as part of the country’s overall economic crisis. Lately, a kerfuffle over production tax credits threatens to further stymie growth while the countryâ€™s government may be on the brink of collapse given media mogul/former Prime Minister Silvio Berlusconiâ€™s legal troubles. And, the lack of a strong VOD offer continues to bedevil an industry plagued by piracy. There have been some bright spots this year including Giuseppe Tornatoreâ€™s Warner Bros.-produced The Best Offer which was well-received by audiences and awards bodies and managed to travel some. Meanwhile, local comedy Il Principe Abusivo is currently the No. 2 film at the box office for the year with over $18M in receipts, but that’s a drop from high-performing comedies of recent years. Italian industry execs are not entirely glum, and some are taking the optimistic view that crisis can lead to renewal, but caution still dominates.
Although Rai acquired Sean Penn starrer The Gunman from Studiocanal in Cannes this year – the first straight buy its made in a year – watchers say this doesn’t mean a complete shift. With traditional film partners pulling back on investing, a local distributor says, â€śItâ€™s almost impossible to finance a movie today. Even if youâ€™re lucky enough to get TV, the amount of money is a lot less than it used to be. Most Italian movies donâ€™t travel” so they “have to make money back inside the territory.” If a movie “ends up getting recognition abroad, thatâ€™s icing. It canâ€™t be part of your plan.â€ť
Exacerbating the financing issue is the current production tax credit crisis. Plans are not entirely set in stone, but the government is expected to push forward with a massive cut to the annual 90M euro ($117.6M) fund that gets doled out on a first-come-first-served basis. The credits are expected to be extended for the next three years according to local sources, but the war chest will drop severely to 45M euros or less per year. Italian unions have understandably been up in arms, but an exec tells me, â€śGiven the overall circumstances – everybody has tax cuts – I would say itâ€™s very coherent with whatâ€™s happening in the country.â€ť New measures should be entered into the law later this year.
What the cuts mean in reality is that â€śa lot of movies arenâ€™t going to get made.â€ť In turn, insiders believe that will impact the emergence of new talent. â€śUp-and-comers are having a very difficult time because fewer films are being produced, and the ones that are being produced seem to be from surefire auteurs. A lot of would-be new talent isnâ€™t getting a shot,â€ť Iâ€™m told. Read More »
Mediaset chief and former Italian Prime Minister Silvio Berlusconi is racking up the jail sentences. In March, he was handed a one-year jail term over an illegal wiretap, and in 2012 received a four-year sentence over … Read More »
Silvio Berlusconi To Appeal Wiretap Verdict
Italian media mogul and former Prime Minister Silvio Berlusconi was handed a one-year jail term today by an Italian court over an illegal wiretap. It’s highly unlikely the Mediaset chief will do any time as he has appeals available to him and, under Italian law, isn’t expected to go to prison until all appeal attempts are exhausted. Berlusconi is already appealing a four-year sentence that was handed to him in Milan last year over fraud on movie rights deals. Today’s punishment comes for making public the taped contents of a confidential phone call in a case related to a 2005 banking scandal, Reuters reported. Berlusconi has oft been in court before over his business dealings, but heâ€™s always been cleared or seen the statute of limitations expire.
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Angry Berlusconi says “There Will Be Consequences”
A day after receiving a jail sentence for tax fraud, Italian media mogul and former Prime Minister Silvio Berlusconi says he feels “obliged” to stay in politics to “reform the justice system so that what happened to me doesn’t happen to other citizens”. He’s expected to appeal his conviction and four-year prison sentence for inflating the price of distribution rights bought by his Mediaset group to avoid paying taxes. He’s also barred from holding office for five years. He says his court ordeal was “intolerable judicial harassment” by left-leaning judges in Milan. “There will be consequences,” he said in an interview today on TG5, one of the TV channels owned by his conglomerate Mediaset.
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Italian media mogul and erstwhile Prime Minister Silvio Berlusconi was handed a four-year jail sentence by a Milan court today, although it’s unlikely he’ll serve the time. Berlusconi and other executives at his Italian media conglomerate Mediaset were alleged to have inflated prices paid for broadcast rights to U.S. movies and TV shows via offshore companies controlled by Berlusconiâ€™s holding company Fininvest. The accused were then alleged to have skimmed off part of the money to create illegal slush funds. The deals in question were worth 470M euros and occurred between 1994 and 1999, according to Reuters. The judge gave the controversial mogul a slightly longer sentence than the 3 years and 8 months prosecutors were seeking and also levied a fine of $12.96M. Berlusconi is expected to appeal the verdict in a case that began more than six years ago. Read More »
Italian broadcaster Mediaset has sold 6% of senior debt in Big Brother producer Endemol. The amount equals the total of its remaining stake in the Dutch TV giant. In a brief statement, Silvio Berlusconi-controlled Mediaset announced it had sold the … Read More »
Just days after Silvio Berlusconi left Italian politics, he’s already on the hunt for Big Media. Berlusconi’s Mediaset and Italian private equity firm Clessidra have entered a joint bid for Dutch reality TV giant Endemol. “We have presented our … Read More »
Silvio Berlusconi’s rivalsÂ in the media industry for years have accused him of massive conflicts of interest running the government that regulates Italy’s media industry, of which he is such a big part. Lawsuits, scandals, and plenty of brash talk … Read More »