Hollywood was already facing financial challenges due to the pandemic and shifting viewer habits. The recent LA fires have compounded issues, disrupting productions and damaging infrastructure, further straining the industry’s recovery efforts.
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Former President Trump has ordered a 100% tariff on foreign-made movies, aiming to protect the “dying” Hollywood industry. The move sparks debate on trade and cultural impacts, Reuters reports.
As Hollywood and streaming platforms expand globally, the U.S. State Department is leveraging film’s influence to advance diplomacy and cultural ties, highlighting cinema’s growing role in shaping international relations.
Hollywood reacts with confusion, dread, and cautious optimism to Trump’s proposal of movie tariffs. Industry leaders warn of economic damage, yet some see a slim chance for renegotiation benefits, reports the Los Angeles Times.