The film industry surrounds when Donald Trump threatens 100% rates

Donald Trump’s threat of imposing on imposing 100 percent rates The films made abroad would be “devastating” for the main Hollywood production centers in countries such as the United Kingdom, Canada, Australia and New Zealand, warned the media executives.

However, the United States film industry and film chains would also be affected, and studies should probably swallow much higher costs and consumers could deal with higher tickets, according to executives and analysts.

President Trump said on Sunday night that he wanted to introduce a “100%rate” to the films that arrive in the United States because “the film industry in America is dying very quickly”, while other countries used “incentives to attract our filmmakers and studies”. Did not offer more details.

Actions at Netflix fell more than 5 percent on Monday in previous market negotiation, reflecting the fear of the highest costs. Disney also lowered 3 percent, though media Executives wondered how the rates would official.

Claire Enders, a London -based media analyst, described the impact of potential rates as “further devastating” for key production nuclei, including the United Kingdom. “These are key services for the United Kingdom,” Enders said. “We’ve been making movies together with the United States for 100 years.”

Enders added that this was one of the first times Trump had been conducting services through his fares, which would propose new concerns for economies led by services such as the United Kingdom.

Matthew Deaner, CEO of the Australian screen producers (SPA), said that the rates “sent shock waves” through the film industry around the world.

However, media executives also raised questions about how any rate could work in practice, as films are often distributed worldwide on streaming platforms and are not a physical good that passes a border when they are displayed in the United States cinemas.

“In what sense can you put a rate on a Netflix program in the United Kingdom and distributed worldwide around the Internet?” Peter Bazalgette, former President of the British British Station ITV and an advisor to the Creative Industries of the United Kingdom, said.

The destination of the industry would depend on what the President of the United States meant for film production, and if this included the types of high -end streaming series made by world platforms such as Netflix and Amazon, which take into account the largest expense abroad, said Bazalgette.

If the rates were imposed on the production of blockbuster films, it would be detrimental to studies in the United Kingdom “but not as harmful as if it included the work done by the streamers,” added Bazalgette.

Executives say that free trade for the world film industry is very important for the United States, where labor and facilities are more expensive. Given that most money is made outside the United States, reciprocal rates would be very detrimental, they warned.

The North -American film and television sector generated a sales of $ 15.3 million by 2023 and made $ 22.6 million in exports, with a positive trade balance in all major markets in the world, according to the Motion Picture Association. The industry manages a larger commercial surplus than each of the telecommunications, transport, insurance and health -related services sectors, the association said.

However, the United States has lost ground in the last two decades in a worldwide battle with the countries of Europe and Asia to attract filmmakers with generous tax incentives to compensate for some of the production costs.

Production at the Great Los Angeles fell 5.6 percent by 2024, which made it the second year the least productive year, said Filmla de la Industria. Only by 2020, interrupted by the Global Covid-19 pandemic, he saw lower levels of shoot, he said.

Hollywood studies and streams have been traveled to countries like the United Kingdom, which offer generous tax incentives alongside world -class facilities, access to talented staff and common language.

The British Cinema Institute in February said that high -end -of -gamma cinema and production expense increased almost a third in the United Kingdom to 5.6 million pounds by 2024, with films such as Wicked done in the country.

In 2024, almost two thirds spent on the United Kingdom film production were five major American studies and three major American streaming platforms: Netflix, Apple and Amazon.

The United Kingdom is not alone, with even higher tax reductions available in countries in some parts of Europe. Australia last year increased her fiscal incentives for foreign television films and television series, which had already attracted films such as The autumn boy and Kingdom of the planet of the apes.

California has its own financial offers, including a $ 330 million film film and film incentives program that the Gavin Newsom Governor wants to expand to $ 750 million a year.