Carlo Cresto-Dina’s Italian production company tempesta has sold a 20% stake to BIM founder Valerio De Paolis.
In the next twelve months, De Paolis has the option to increase his stake to 40%.
tempesta recently produced Alice Rohrwacher’s The Wonders, which won the jury pirze in Cannes.
The investment deal has been in the works for months, and De Paolis said the Cannes prize was “a beautiful seal on our agreement.”
“It’s a time of growth for us, we hope to deserve this responsibility,” said Cresto-Dina. “As a small company we need investment but
especially we needadvice, guidance, and experience [that De Paolis provides].”
Also, Alice Rohrwacher and Leonardo Costanzo, tempesta’s main directing talents, are joining the company as partners.