From Yahoo Finance: 2025-05-05 13:17:00

Netflix, Warner Bros., and other media stocks dropped after President Trump’s call for a 100% tariff on foreign-produced films. Netflix led the declines, down 2%, while Warner Bros. Discovery and Paramount Global slipped 1%. Disney traded flat. Proposed tariffs could impact blockbusters like “Avengers: Doomsday” and “Star Wars: Starfighter.”

The market reaction followed Trump’s directive to impose tariffs on foreign films, causing concern in the industry. Industry experts warned that the tariffs could increase costs and disrupt the interconnected global system. Veteran film producer Kathryn Arnold called the proposed tariffs “insane and devastating,” predicting negative ripple effects on the film industry.

The uncertainty surrounding the proposed tariffs could slow down or even shut down the film business, affecting everyone from crew to catering. The industry is still recovering from pandemic shutdowns and recent strikes. Hollywood executives and experts expressed concerns about the impact of the tariffs on production costs and the overall industry.



Read more at Yahoo Finance: S&P 500, Nasdaq pause rally as tariff fears revive to kick off big Fed week