Friday, the main leaders of the Hollywood studio should have a call with the president of the association of motion films Pictures Charles Rivkin to discuss the surprise proposal of President Donald Trump to impose prices on films filmed outside the United States, The Hollywood Reporter learned.
The film industry was left in shock during the weekend after Trump went to social networks on Sunday to proclaim that it is time to “make Hollywood Grand again” and that films in other countries is simply a threat to national security.
The next morning, however, the White House seemed to be minimizing Trump's decree during the publication of a statement stating that no final decision was made “concerning these prices.
So far, the MPA – which is the main commercial organization representing cinema studios and their mother companies – has not yet officially commented on Trump's comments.
Those who should participate in Friday's call with Rivkin include the co-president of Disney Entertainment, Alan Bergman, who oversees the conglomerate cinematic empire, the Amazon MGM MGM Hopkins studios, the long-standing president of the universal images and the president of the co-ceo of Nbcunier Sarandos and Warner Bros. Discovery CEO David Zaslav.
Many sources say that these prices, depending on how they have been calculated, could devastate the film industry, as well as television, given the number of programs and films turned abroad due to more indulgent tax alternatives and production incentives. Production budgets could be subject to a paralyzing increase of 25% or more at a time when the industry has not yet completely recovered from the pandemic and work. This could lead to fewer films, which could in turn offer additional economic pressure on theater channels in the United States and abroad.
Rivkin was an ardent defender of the increase in production incentives in the United States on behalf of its members of its studio, as well as union leaders.
There are many other unanswered questions about how it would work to impose prices on a service made from an American company – and a digital company, because most films are now digitally transferred, compared to films. And, from 2023, American films have generated more than $ 15 billion in commercial surpluses. In other words, Hollywood films often dominate the box office on many foreign markets (among the main markets, the exceptions include China, Japan and South Korea).
Trump's plan seems to have emerged from a plan developed by Jon Voight, who, alongside Mel Gibson and Sylvester Stallone, was appointed as the Hollywood ambassadors of the new president when he was re -elected to the White House. Gibson and Stallone have been silent so far this week on the subject of prices, with a revealing source THR This Stallone was surprised (he and Gibson have future films that should shoot abroad).
Friday's speech meeting comes when Disney is preparing for its call for results on Tuesday. It is practically guaranteed that Disney Bob Iger chief is questioned about Trump's push for prices. Paramount’s world income follows Thursday.
