On Friday, key executives from prominent Hollywood production houses and streaming platforms convened via Zoom for a strategic discussion with Charles Rivkin, head of the Motion Picture Association. The purpose was to devise a plan to tackle potential tariffs on films that President Trump has hinted at imposing.
The objective was to diplomatically inform the White House about the intricacies of the movie industry, including the challenge of taxing a product that isn’t typically considered a good like a car or a tool. Also, films are often shot in various international locations due to story requirements and cost considerations. Furthermore, post-production tasks such as visual effects and editing can be done across different nations to utilize tax incentives.
During the phone call, it was debated among executives that numerous movies are still being filmed in the United States, particularly in locations like Georgia, New Jersey, and New York, which provide substantial production incentives. These individuals, who were privy to the discussion, claim that they aim to persuade the president that the issue of film production moving elsewhere primarily affects California, a state that does not offer the same extent of subsidies as other states do.
Approximately twenty top-tier executives, such as Donna Langley of Universal Pictures, Alan Bergman from Disney Entertainment, Brian Robbins at Paramount Global, Mike Hopkins and Courtenay Valenti of Amazon MGM Studios, Tom Rothman of Sony Pictures, David Zaslav and Michael De Luca from Warner Bros. Discovery, and Ted Sarandos of Netflix, were present. This gathering was a continuation of a discussion they had on Monday with the Motion Picture Association (MPA).
President Trump has indicated he might have a conversation with the movie studio executives, but no specific meeting has been arranged yet. If it does happen, the Motion Picture Association (MPA) and the studios they represent will emphasize that America has a $15 billion trade surplus in film exports and the industry as a whole is profitable. Their aim is to collaborate with Trump and prevent any actions from him that could disrupt the status quo.
Executives remain uncertain if the proposed tariff by the president will solely affect films shown in cinemas, or if television shows and streaming movies would also be included in this levy. If this tariff is implemented, there are worries that it could disrupt the film financing and production model, potentially causing a significant decrease in the number of productions. Additionally, such tariffs might provoke other countries to impose their own levies and taxes on American films.
Earlier this week, Rivkin convened a gathering, given the challenge faced by our industry in dealing with President Trump’s statement on his intention to impose a 100% tariff on films originating from “overseas territories.
A spokesperson for the MPA did not immediately respond to a request for comment.
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2025-05-10 01:36