https://www.msn.com/en-us/money/companies/trump-announces-plans-for-100-tariffs-on-foreign-made-movies/ar-AA1NAluF?ocid=BingNewsSerp
While there is no clear legal path for Trump to enact this decision, it is a pretty bold and scary attempt that could cause a Hollywood shutdown, or a resurgence by way of holding the world hostage. What Trump is trying to do, is force major productions to shoot in America. After all, box office success is hinged on American and China distribution. What I mean by that is, box office success is often judged by how well you do in the American market or Chinese market, and the Chinese market is not easy to penetrate without a co-production.
What Trump is hoping for is that by restricting access to screens, it will force productions to move back to America so they can qualify as domestic films. However, this may backfire big time. We saw in recent news where a lot of productions in Atlanta came to a halt because the productions moved to the UK where labour is cheaper. What is not being highlighted is that screens are opening up everywhere. Africa, Canada, Asia, are all ramping up distribution as the demand and supply of content is growing.
If Trump's plan fails, it could result in a huge migration of talent, or persons forced to transition to new jobs. What is your take? Do you have any additional insights into why this decision was made and what the implications are?
1 person likes this
Just like last time, I don’t think President Trump has the legal authority to put tariffs on foreign films, Kevin Jackson. “What Trump is trying to do, is force major productions to shoot in America.” I think there are better ways to get productions to shoot here in the U.S., like better tax incentives and better benefits for the cast and crew.
1 person likes this
It will result in fewer films being made because studios will be forced to spend more per movie.
2 people like this
What is considered a "foreign film?" I have a killer screenplay with the primary location being the Amalfi coast in Italy (necessary for the story), would this be considered foreign if it was written in the US made by a US company?
5 people like this
A bunch of hot air that is IMPOSSIBLE to enforce
It will be under the department of MAMA. Make American Movies Again
2 people like this
Keeps floating to the surface - not doable, not enforceable, not constitutional, not a real threat.