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Geopolitics

Berlusconi Sentenced To Four Years For Tax Fraud

LA STAMPA, CORRIERE DELLA SERA (Italy)

Worldcrunch

MILAN - Former Italian Prime Minister Silvio Berlusconi was sentenced Friday to four years in prison for tax fraud in his dealings with the Mediaset televsion network, which he owns.

The case, which took six years to arrive at a verdict, is the latest in a long string of corruption cases that the billionaire media mogul has faced since entering politics 18 years ago.

Do not, however, hold your breath waiting for the 76-year-old billionaire to be led away to prison anytime soon. Milan daily Corriere della Sera notes that this is just the first of three potential steps in the Italian judicial process.

Berlusconi, who has avoided any definitive guilty verdicts in the past, would not have to serve any jail time unless he was confirmed guilty in the final appeal.

The verdict, which includes a 10 million euro fine and a prohibition of serving public office, comes two days after Berlusconi officially announced that he would not seek his fourth term as Prime Minister.

Berlusconi's boyhood friend and longtime President of Mediaset, Fedele Confalonieri, was acquitted in the same trial, which alleged tax fraud in the purchasing of broadcasting rights, La Stampa reports.

Berlusconi, who has long charged prosecutors with using the courts to persecute him politically, is also facing charges related to several sex scandals.

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Society

NFTs Are Not Dead — They May Be Coming Soon To A Theater Near You

Despite turbulence in the crypto market, NFT advocates think the digital objects could revolutionize how films and television series are financed and produced.

NFTs Are Not Dead — They May Be Coming Soon To A Theater Near You

Mark Warshaw's series, The Bureau of Magical Things

Fabio Benedetti Valentini

PARIS — Advocates of a "participatory internet" (or Web 3.0) dream of an NFT future for cinematic works and animated films, despite the fact that Bitcoin (and cryptocurrency generally) is struggling. Non-fungible tokens (NFTs) are digital assets based on blockchain technology.

NFT converts say that digital objects could profoundly change the link between the general public and creators of cinematic content by revolutionizing the way animated films and TV series are financed. Even if, by their own admission, none of the experiments currently underway have so far amounted to much.

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