The threat of Trump's film rate stimulates the concern of the Australian film industry | Australian economy

The federal government claims that it will defend the Australian film industry, in response to the 100% prices of Donald Trump on film productions outside the United States.

“The film industry in America dies of a very rapid death. Other countries offer all kinds of incentives to keep our filmmakers and studios from the United States away,” the American president on Truth Social on Sunday.

“Hollywood and many other areas in the United States are devastated.”

Australia is such a popular location for foreign film productions, it is sometimes nicknamed “Hollywood Down Under” with recent large -scale productions, notably The Fall Guy, Kingdom of the Planet of the Apes and Thor: Ragnarok.

The federal government's location compensation program offers a 30% discount for large-budget film projects shot in Australia, with additional post-production discounts and governments of states offering other sweeteners.

But the taxation of prices could mean that these incentives are no longer attractive enough for productions for the massive American market.

Trump's decision will send shock waves in industry worldwide, according to body producers in the Australia industry (SPA).

“At this point, we do not know what this announcement means in practice or how it will be applied and implemented,” said SPA Managing Director Matthew Deaner.

“There are a lot of unknowns for our industry, but until we know more, there is no doubt that this will send shock waves in the world.”

The Minister of Arts, Tony Burke, said that he was closely monitoring the situation.

“No one should be in doubt that we are going to stand unequivocally for the rights of the Australian screen industry,” Burke said in a statement.

Foreign productions are a large company for the local screen industry, according to the latest figures from the Australia screen.

Just under half of the $ 1.7 billion spent on screen production in Australia in 2023-24 were on international productions, with $ 767 million spent making film and television abroad.

It is not yet known how the prices could be imposed, but they could also affect the export of Australian content to the American market, which makes tickets more expensive for films such as the Mad Max series by George Miller.

In Trump's announcement on social networks, he described cinematographic incentives as a threat to the United States by foreign nations.

“This is a concerted effort of other nations and, consequently, a threat of national security,” said the post of Trump.