Overview
- President Trump’s proposed 100% tariff on foreign-made films remains under review, with the White House emphasizing it is a non-final proposal.
- Jon Voight, appointed as a special envoy to Hollywood, has presented a detailed plan including federal tax incentives, co-production treaties, and infrastructure subsidies to boost domestic film production.
- Industry reactions are divided: IATSE supports tax incentives, while the Teamsters union backs the tariff proposal as a way to curb outsourcing of jobs.
- Governor Gavin Newsom has proposed a $7.5 billion federal tax credit collaboration with the Trump administration to counter the decline in U.S. film production.
- FilmLA reports a 22.4% drop in Los Angeles film shoots this year, highlighting the urgent need for measures to address the industry’s downturn.