Watch: Yacht sinks off Italy's Calabrian coast after crew and passengers rescued

Footage released by the Italian coast guard shows the moment a yacht sank off the coast of Calabria.

Earlier, the passengers and crew on board the 40-metre yacht were rescued. 

Local reports say a patrol boat picked up the first four passengers and one crew member and took them to Catanzaro Marine. 

A tug boat then arrived and rescued the other four crew members.

However, bad weather conditions mean the yacht could not be towed to a port in Crotone, and it disappeared under the waves.

The coast guard said an investigation had been launched.

Watch the video in the player above.