Hollywood Groups Call for Tax Changes
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The industry isn't taking that first "100% tariff" post at face value. And yet, says one IATSE member: “A few years ago, a proposal like this would’ve been 70 percent opposed by the rank and file. Now?
A new proposal for a 100% tariff on foreign-made movies has industry professionals seeking to understand what this could mean for the future.
Leaders of Hollywood unions and representatives of major studios joined with Jon Voight in penning a letter to Donald Trump calling for expanded film and TV production incentives. What was left unmentioned in the letter was Trump’s proposal for 100% tariffs on films produced in other countries.
Donald Trump’s tariffs have reached Hollywood when the president announced there would be a 100% tariff on all movies produced outside the U.S. earlier this week.
Domestically, despite hopes for a bounce-back, 2025 projections hover around $9 billion, according to The Numbers—a far cry from the reliable $11 billion floor the industry enjoyed throughout the 2010s. Major studios are collectively releasing 10 to 15 fewer wide releases per year than they did before the pandemic.
Filmmakers and Hollywood financiers are baffled, to say the least, by President Trump’s announcement that he wants a 100% tariff on movies produced outside the United States. Several movie ...
The following day, White House spokesperson Kush Desai told Fox News Digital, “Although no final decisions on foreign film tariffs have been made, the administration is exploring all options to deliver on President Trump’s directive to safeguard our country’s national and economic security while Making Hollywood Great Again.”
4don MSN
Executives from several of Hollywood's major studios met Friday by phone with the Motion Picture Association to discuss the foreign film tariff Donald Trump called for earlier this week. Details about the meeting,