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Talking about production, not distribution or exhibition. US studios will have little incentive to produce in Britain if that film then becomes subject to tariffs.
The production? There are very few European companies making films in the US, and this would encourage them to film in Europe, so still not sure how that is bad for Europe.
US companies making films in EU are not importing anything, so tariffs don't apply to them, and since it's a US company they even hold the rights for the produced work so it doesn't apply to that either.
What am I missing?
You have it the wrong way around. US companies producing in Europe are importing the film to the US.
EU companies producing in the US are importing to EU.
Do you work in this industry and know this for a fact? Because a quick Google search seems to imply that US productions done abroad wouldn't be affected by normal tariffs because:
It’s my field. Trump (advised by his “Hollywood Ambassadors” Jon Voigt, Sylvester Stallone and Mel Gibson) already proposed a 100% tariff on films not fully made in the US. Norms do not apply.
The movie is owned by a production entity, of which the studio will own a share depending on financing arrangements. The tariff is applied on rentals (the cut distributors get from a cinema ticket), TV rights and home entertainment sales.
Yes, I read about that 100% tariff, and it said that this was a special kind of tariff because the normal one doesn't apply. But in this thread we were talking about the 10% tariff he applied because of Greenland, which doesn't apply to films/tv, does it?
More incentive to local film industry?
American movies are all about CGI and explosions, mostly, nowadays. I'll take a low budged film with a good story and acting any day.
Local films are smaller, so don’t spend as much. More importantly, every hotel room, meal, plank of wood, hour of CG artist time, equipment rental, stage rental, truck, and unit of electricity is an export when foreign entities are paying the bills. Its great for the health of the economy.
There’s no way to replace the billions that would be lost, and hundreds of thousands of jobs will be lost.
@qyron @ohulancutash
I believe that partly explains how the US is mutating into a tyranny of roving street gangs. They all see themselves in those violent scenarios.
Hollywood has been an echo chamber for the war machine for decades, that is a given.