Investment & Fund Management
Moliwood Films encountered difficulties in obtaining
Full Credential Description
Moliwood Films, an audiovisual production company based in Rome, Italy, faced significant challenges in securing financing for their latest project, a European co-production titled Story of my Wife. The total project cost was approximately EUR 10 million, with the Italian portion amounting to EUR 1.4 million. As a new company, Moliwood Films encountered difficulties in obtaining funding from traditional banks, which often lack familiarity with the film production sector. This situation was exacerbated by the cautious nature of banks towards new ventures, particularly in Italy, where specialized financing for film production is less accessible compared to countries like France.
To overcome these financial hurdles, Moliwood Films sought assistance through an EU-guaranteed loan facilitated by Cassa Depositi e Prestiti and backed by the European Investment Fund (EIF). This tailored solution enabled the company to secure the necessary upfront payments required to initiate the project without compromising their financing strategy. Flaminio Zadra, the film producer, emphasized the importance of independent European productions and their contribution to cultural heritage, advocating for public support in this sector.
As a result of this financing, Moliwood Films was able to proceed with their ambitious project, which not only aims to enhance the quality of life through cultural contributions but also positions the company for future growth in a competitive market dominated by larger American productions. The successful acquisition of funding through the Cultural & Creative Sectors Guarantee Facility (CCS GF) exemplifies how targeted financial solutions can empower small production companies to thrive in the challenging landscape of the film industry.