Rome Revamps Cinecitta Studios

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March 3 (Bloomberg) -- Bloomberg's Olivia Sterns reports on plans to revive Rome's Cinecitta film studios, suffering from a lack of business as Italian filmmakers head for lower-cost locales such as Budapest and Bucharest. To get back on track, Cinecitta aims to spend 675 million euros ($934 million) on a new hotel and amusement park to make the studios more competitive. (Source: Bloomberg)

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