Two major international film festivals are held in Italy with a monthly interval. The first, Venetian, is the oldest in the world (born in 1932), the second, Roman, is the youngest. The Rome International Film Festival (Festa internazionale del Cinema di Roma) is held for only the fourth time, with skeptics predicting the last each year. But he's holding on for now. Three years ago, the first Rome Festival was held with great fanfare and hit everyone with a fantastic budget of €15 million.