Core Viewpoint - Netflix's stock dropped over 2% following President Trump's statement regarding the film industry, indicating potential regulatory challenges for the company and the broader industry [1] Group 1: Impact on Netflix - The announcement of a 100% tariff on films produced outside the U.S. could significantly affect Netflix's international production strategy [1] - The statement reflects a growing concern over the competitive landscape of the film industry, particularly regarding content production and distribution [1] Group 2: Broader Industry Implications - Trump's comments highlight the ongoing tensions between U.S. and foreign film production, which may lead to increased costs and operational challenges for companies operating globally [1] - The film industry in California, particularly affected by these remarks, may face additional pressures that could impact local production and employment [1]

今日，美国总统宣布海外拍摄的电影实施100%关税，包括所有美国制片公司在海外拍摄的作品。该声 明强调，美国的电影和好莱坞是世界上最伟大的，通过上百年的努力，建立了完整的电影工业，不能够 被其他国家偷窃和盗取成果，美国自产的电影必须得到扶持和帮助，美国电影行业的工作人员也必须得 到更多的开工机会。 这一宣布是其5月份威胁的延续，旨在保护好莱坞产业，声称外国税收优惠"窃取"了美国电影业务。 电影主要通过流媒体或数字传输进口，受WTO《服务贸易总协定》（GATS）和USMCA等国际协议保 护。这些协议将电影视为"文化服务"而非货物，因此不受传统关税管辖。当前无特定关税征收。 直接实施100%关税，针对境外制作电影的进口（包括票房收入、数字分发等）。这会让外国电影进入 美国市场的成本增加100%——比如，一部进口电影价值2亿美元，就要额外缴2亿美元关税。 如果生效，它会取代0%税率，成为新标准税率100%。，按照制片公司公布的成本进行缴纳，即便电影 亏本也会全额征收。 据透露，新规下《蜘蛛侠4》也会被加征100%关税，原因是该电影存在多项外包，拍摄地点在英国伦 敦，特效制作由 Alistair Williams 成立 ...

据CCTV国际时讯，美国总统特朗普今天（9月29日）在社交平台发帖称，"我将对所有在美国以外制 作的电影征收100%的关税。"特朗普今年5月4日就曾称，将对所有在外国制作的电影征收100%关 税。 特朗普在帖文中称，"我们的电影产业被其他国家从美国'偷走'，就像从婴儿手里抢糖果一样轻而易 举。以加利福尼亚州为例，在其软弱无能的州长领导下，受到的打击尤为严重！因此，为了解决这个长 期存在、从未得到解决的问题，我将对所有在美国以外制作的电影征收100%的关税。" ...

据CCTV国际时讯报道，美国总统特朗普今天（9月29日）在社交平台发帖称，"我将对所有在美国以外制作的电影征收100%的关税。特朗 普今年5月4日就曾称，将对所有在外国制作的电影征收100%关税。 ...

Core Viewpoint - The U.S. film industry is facing significant challenges, prompting President Trump to announce a 100% tariff on all films produced abroad, citing a rapid decline in domestic film production [1] Industry Impact - Industry professionals indicate that the current capacity for film production in the U.S. is limited, making it unrealistic to mandate that all films be produced domestically [1] - Analysts warn that the tariff policy could lead to retaliatory measures from other countries against U.S. films, potentially exacerbating the challenges faced by the industry [1]

Core Viewpoint - The U.S. film tariff policy is deemed perplexing by Canadian officials and poses a threat to Canada's economy, prompting a shift towards reducing reliance on the U.S. market [1] Group 1: Economic Impact - The implementation of the U.S. film tariff policy could negatively impact the Canadian economy [1] - British Columbia's government is committed to supporting the film industry while seeking to expand into international markets [1] Group 2: Strategic Response - The province aims to decrease its dependency on the U.S. film market in response to the tariff policy [1]

Group 1 - Trump's proposal to impose a 100% tariff on films produced outside the U.S. has caused concern among investors in major streaming and production companies, leading to stock declines for companies like Netflix and Paramount [1] - Following the announcement, Netflix's stock fell by 1.5% and Paramount's by approximately 0.7%, while Disney and Universal's parent company, Comcast, also experienced a drop before recovering [1] - The White House spokesperson indicated that no final decision has been made regarding the foreign film tariff, and the government is exploring all options to fulfill Trump's directive to "make Hollywood great again" [1] Group 2 - U.S. production companies have increasingly turned to overseas filming for tax incentives and unique locations, with Netflix announcing a $1 billion investment in Mexico over the next four years [2] - The number of European countries offering film production incentives has increased from 17 in 2017 to 36 in 2024, while Asian countries have risen from 7 to 15 [2] - Morgan Stanley's media research head, Benjamin Swinburne, warned that imposing a 100% tariff on some or all film costs would lead to reduced film output and increased costs, ultimately shrinking industry profits [2] - The U.S. film industry's export value reached $22.6 billion in 2023, generating a trade surplus of $15.3 billion [2] - Swinburne raised concerns about the potential impact on projects already in production and questioned whether foreign governments might block U.S. content through theaters or streaming channels, which could significantly affect the global influence of Hollywood content [2]

特朗普关税"炸弹"突袭好莱坞，一直以来被视为关税风险"避风港"的奈飞，也难逃一劫。 据环球网，特朗普提议对所有进口电影立刻加征关税100%，理由是保护正在"迅速消亡"的美国电影业 并促使生产回流。 作为主要流媒体平台，周一奈飞股价因担忧成本上升而下跌近2%。花旗分析指出，在最坏情况下，奈 飞每股收益可能减少约6美元，降幅达20%，但公司有多种应对策略可能减轻影响。 奈飞受创：关税"避风港"地位不保 花旗分析师指出，奈飞此前被视为关税风险的"避风港"，但特朗普的政策将直接打击其商业模式。 据估计，奈飞年度内容支出约170亿美元，其中60%由奈飞自制，而自制内容中约50%在美国境外生 产。在100%关税打击下，奈飞每股收益可能减少约6美元，降幅达20%。 | Figure 1. Potential Tariff Impact on EPS ($ billions; pct; millions; $ per share) | | | | | | | --- | --- | --- | --- | --- | --- | | | 2020 | 2021 | 2022 | 2023 | 2024 | | Content ...

Core Viewpoint - The announcement by President Trump to impose tariffs of up to 100% on films produced overseas has sparked widespread criticism and concern regarding its potential impact on the U.S. film industry and its global competitiveness [1] Industry Impact - The proposed tariffs are expected to significantly increase production costs for major U.S. film companies, which could undermine their competitiveness in the global market [1] - Major Hollywood companies such as Netflix, Disney, Warner Bros, and Paramount experienced stock price declines of over 2% following the announcement, indicating immediate market reaction and concern [1] Expert Opinions - Industry experts argue that while the policy is framed as a measure to "protect American films," it may actually threaten the collaborative foundation that the U.S. film industry relies on for survival, potentially leading to job losses [1] - Multiple industry associations in the U.S. are jointly urging Congress to carefully assess the economic and legal implications of the proposed tariffs [1]

有电影行业人士指出，特朗普政府此举对好莱坞影视行业来说是一场灾难。 美国总统特朗普当地时间5月4日称，对所有进入美国、在外国制作的电影征收100%关税。美国白宫5日 表示，尚未就此做出最终决定。 《好莱坞报道》欧洲分社社长罗克斯伯勒表示，"电影价格可能会上涨，拍电影的成本可能会越来越 高，所以要么制作的电影更少，要么制作的电影成本更高，这些成本很可能会被传递下去，所以去看电 影会更贵，票价会上涨，那样的话，去看电影的观众可能更少了。目前整个电影行业已经处于危机之 中，如果我们再加上额外的生产成本或关税，这真的会对这个行业产生灾难性的影响，我真的看不到任 何积极方面。" 罗克斯伯勒指出，之所以美国电影制作公司逐渐将制作转移到英国、加拿大和澳大利亚等海外地区，是 因为当地有税收减免等经济激励政策。如果美国不推出激励措施以减少电影拍摄成本的话，愿意回到美 国本土的电影制作公司可能寥寥无几。 此外，罗克斯伯勒还对欧洲等其他受影响的国家的回应表示担心，尤其欧洲市场是美国电影的主要出口 地区之一。 罗克斯伯勒表示，如果欧洲决定采取针锋相对的关税措施，就像他们威胁的那样，那可能会产生巨大的 影响。因为说到电影，美国的出口远 ...