The radical revamp of Italy’s Cinecittà Studios, which has been underway since May, is gaining traction with a rise in occupancy of its sound stages and backlot, realistic prospects for profitability, and new state-of-the-art filming facilities on the way, according to managing director Nicola Maccanico.

Maccanico, a former Warner Bros. and Sky Italia senior exec, came on board in April to run Cinecittà with a mandate from Italy’s culture minister Dario Franceschini to turn the iconic Rome studios into continental Europe’s top filming facilities thanks to a €300 million ($339) million) investment from the European Union’s post-pandemic recovery fund.