By Indiewire | Indiewire December 26, 2006 at 10:03AM
The Venice Film Festival, the world's oldest, is to get its own venue by 2010, Italian Culture Minister Francesco Rutelli has said. The new building, expected to cost 70 million euros (92 million dollars), will enable the 60-year-old film festival to showcase screenings in one venue rather than several as is presently the case. The annual two-week festival, one of the most prestigious worldwide, culminates each September with the nomination of the Golden Lion award for best movie. AFP reports.