Italian producer Domenico Procacci has announced the formation of Fandango Australia Pty Ltd, a new production entity combining both Australian and European financial sources. The first project to be made by the company will be Rolf de Heer's Alexandra's Project which will go into production later this month.

The directors of the company are Procacci and his Australian collaborators, directors Rolf de Heer and Richard Lowenstein, marketing and acquisition executive Sue Murray and lawyer Bryce Menzies.

Domenico Procacci became involved in the Australian industry in 1993 when he produced de Heer's Bad Boy Bubby and has continued the relationship with de Heer on another four films. Procacci also produced He Died With A Felafel In His Hand with Richard Lowenstein and co-produced Robert Connolly's The Bank along with Samantha Lang's The Monkey's Mask.

In Italy, Fandango has produced critical and box office successes such as La Stazione, Radiofreccia, and L'ultimo Bacio , winner of the Best Director [Gabriele Muccino] and Best Producer at the 2001 Italian Oscars (the David di Donatello Awards) along with the Audience Award at the 2002 Sundance Film Festival which will be released in Australia in April.