Hollywood has been pleading with politicians to help stop the departure of film and TV production to other countries, but the 100% tariffs on imported movies wasn’t what Hollywood had in mind, Ben Fritz, Brian Schwartz, and Erich Schwartzel of The Wall Street Journal reports. Executives in the entertainment industry expressed confusion on how a levy could be applied to intellectual property with no specific monetary value and fear the retaliatory tariffs could damage their overseas business. Publicly traded owners of movie studios include Netflix (NFLX), Disney (DIS), Comcast (CMCSA), Warner Bros. Discovery (WBD), Paramount (PARA), Lionsgate (LION), and Sony (SONY). Publicly traded companies in the film exhibition space that may be impacted include AMC Entertainment (AMC), Cinemark (CNK), Imax (IMAX), Marcus (MCS) and National CineMedia (NCMI).
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