By Francesca Piscioneri

ROME (Reuters) -Italy’s film industry, renowned for past masters such as Federico Fellini and more recently for Paolo Sorrentino’s Oscar-winning “The Great Beauty”, says its future is under threat from planned government cuts.

Rome’s draft 2026 budget presented last week by Prime Minister Giorgia Meloni’s right-wing government slashes 150 million euros ($175 million) from a 700-million-euro support fund for the industry, with another 50-million-euro cut scheduled for 2027.

The move will affect the tax credit incentive fund – introduced 17 years ago to relaunch the then-struggling sector – which allows producers to recover up to 40% of their investment costs.

“The cut is shaking up the entire industry,” Stefania Balduini, founder of the production company Pistacc

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