{"id":664781,"date":"2025-05-06T00:00:00","date_gmt":"2025-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/cut-camera-industry-collapse\/"},"modified":"2025-05-06T00:00:00","modified_gmt":"2025-05-06T00:00:00","slug":"cut-camera-industry-collapse","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/cut-camera-industry-collapse\/","title":{"rendered":"Cut, camera, industry collapse"},"content":{"rendered":"

Is Netflix about to stream its own funeral? <\/strong>US President Donald Trump\u2019s latest announcement comes at a devastating cost for the streaming giant. Yesterday, Trump took to Truth Social<\/a> \u2014 a Trump Media-owned \u201cfree speech\u201d social media platform \u2014 to express his grievances with Hollywood\u2019s current state. In his post<\/a>, the president wrote \u201cHollywood, and many other areas within the [US], are being devastated,\u201d claiming that death is imminent for the movie industry in the country, and that this \u201cis a concerted effort by other Nations and, therefore, a National Security threat.\u201d Trump\u2019s claims were not backed by data.<\/p>\n

Make US movies \u201cgreat again\u201d? <\/strong>The icing on the digital cake was Trump\u2019s shocking announcement to begin imposing a 100% tariff on \u201cany and all\u201d films going into the US that were filmed on foreign lands. The issue is, that\u2019s almost all of them. This year\u2019s top-grossing box office films \u2014 A Minecraft Movie, Captain America: A Brave New World, as well as several upcoming movies expected to top the charts like the upcoming Mission Impossible and John Wick spinoff \u2014, all of which will find their way to streaming services, have all been shot abroad and across a slew of countries. Yet it remains unclear how these films are to be affected by the Tariffs, Forbes Middle East<\/a> reports.<\/p>\n

Netflix isn\u2019t having a good time, and misery loves company. <\/strong>The White House was quick to issue a statement walking back Trump\u2019s announcement, confirming that no final decision has yet been made on the matter of film tariffs, with several options being explored, according to Reuters<\/a>. By that point, however? The damage was already done. The streaming giant, with productions spanning the entire globe, took the brunt of it, suffering a loss of USD 20 bn<\/a> as Netflix stocks dropped 6.2% yesterday, with other streaming services following suit. Paramount global dropped 3.1%, Walt Disney 3.6%, and Warner Bros. Discovery 3.3%. <\/p>\n

Did Trump just wake up one day and choose chaos? <\/strong>Given the givens, it\u2019s fair to assume so, yet it seems Trump\u2019s statement was months in the making. Shortly before taking to Truth Social, Trump had met with his \u201cspecial ambassador\u201d to Hollywood, actor Jon Voight, The Guardian<\/a> reports. The actor had been formulating a plan in conjunction with studios, streamers, and unions to strengthen film production in the US, and had only suggested the use of tariffs under certain circumstances \u2014 a far cry from Trump\u2019s 100% tariff announcement \u2014 according to the British newspaper.<\/p>\n","protected":false},"excerpt":{"rendered":"

Trump took to Truth Social to express his grievances with Hollywood\u2019s current state, and announce a 100% tariff on foreign films. Netflix isn\u2019t happy.<\/p>\n","protected":false},"author":1,"featured_media":664782,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[633,164,667,6655,638,640,12162],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-664781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-enterprisepm","tag-equities","tag-film","tag-film-and-tv","tag-for-your-commute","tag-netflix","tag-tariffs","wpautop","entry"],"acf":{"mongo_id":"54abbb17-4cb7-49c8-99e7-9ee3fe411b6d","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/412.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[664776],"teaser":"Trump took to Truth Social to express his grievances with Hollywood\u2019s current state, and announce a 100% tariff on foreign films. Netflix isn\u2019t happy.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.2b4667af-c5bc-47e0-b12d-2a6ada813b87.mp3"},"yoast_head":"\nCut, camera, industry collapse - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/06\/cut-camera-industry-collapse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cut, camera, industry collapse\" \/>\n<meta property=\"og:description\" content=\"Trump took to Truth Social to express his grievances with Hollywood\u2019s current state, and announce a 100% tariff on foreign films. 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