The tenth annual summer event will take place on the Italian island from Jul 8-15.

“We are extremely pleased to be chairing this year’s exciting event,” Wagner and Nicita said in a joint statement. “The Ischia Global Fest provides a wonderful opportunity for artists from the worlds of cinema, music and art to come together to interact with each other by sharing their work and participating in panels about global industry issues in a beautiful environment that is highly conducive to both the creative and collaborative processes.” 

“Paula and Rick are the perfect couple to head this year’s festival,” festival founder and producer Pascal Vicedomini said. “Their vast knowledge and understanding of the global entertainment arena combined with their input and counsel will be of importance as we structure Ischia 2012.

“For the tenth consecutive year, international stars from the worlds of film and music will return to Ischia for a week of major film premieres, video screenings, music showcases and award ceremonies. In the coming weeks we will be announcing details about the festival’s schedule of exciting events as well as the names of the talent and industry executives who will be attending and participating.”

Both Wagner and Nicita received the Ischia Lifetime Achievement Award at last year’s festival.

Joining Vicedomini, Wagner and Nicita in overseeing this year’s event are president Trudie Styler and honourary president Tony Renis. The executive board comprises producers Mark Canton, Marina Cicogna and Aurelio De Laurentiis, production designers Dante Ferretti and Francesca Lo Schiavo, filmmaker Paul Haggis and Italian cinema icons Franco Nero, Lina Wertmuller and Enrico Lucherini.

Members of the festival board will include Italian national and regional arts ministers and officials.