Overview

• Mel Gibson, appointed by President Trump as a 'special ambassador' to Hollywood, and Italian producer Andrea Iervolino have formally presented a U.S.–Italy co-production treaty proposal.
• The treaty seeks to incentivize Italian producers to create films in the U.S. with American stars and calls for Italian government support programs to strengthen cultural ties.
• Iervolino estimates that, if globally adopted, the model could generate up to $10 billion in annual direct investments in the U.S. entertainment industry.
• The agreement is positioned as a pilot for similar treaties worldwide and aims to establish a new framework for international film collaborations.
• The formal signing of the treaty is targeted for the 2025 Venice Film Festival, with representatives from both governments and industries expected to participate.