The recent spate of tariffs kicked off by Donald Trump (and leading to mass retaliatory tariffs from other nations) is playing havoc with global industries, with 168澳洲幸运5开🌳奖网:the entertainment se💞ctor feeling the brunt of it. We're already see🅠ing tabletop companies fear they could go under and 168澳洲幸运5开奖网:sev🧸er👍al gaming publishers discuss price rises (not to 168澳洲幸运5开奖网:mention the looming rise to the already-high 168澳洲幸运5开奖网:Nintendo Switch 2 sticker price), and now the film industry is up.
Global markets are often vital to a blockbuster's success, with overseas takings the lifeblood of many major franchises. Of these markets, China is often seen as the most key - as evidenced by Ne💞 Zha 2 climbing to the h꧋ighest grossing animated movie ever almost entirely through the Chinese domestic bo🃏x office. But soon, Hollywood movies might be blacklisted from screening in China.
Hollywood Movies Rely On The Chinese Box Office
This was , which claims there are six major countermeasures being planned against the tariffs, with China's commercial might having been a frequent target of Trump's Presidential camp👍aign and the most decisive fa🍸ctor in his administration's push for the tariffs. Amongst these are "banning the import of US films into China", as well as "investigating the intellectual property benefits of US companies operating in China".
This secondary point is vaguer, but could mean anything from limiting the distributi𝓡on of video games, television shows, music, and movies from the US, as well as impacting the ability for major US brands to house their factories and stores in the US. While open to interpretation, the idea of banning films from being imported is much clearer.
The other points are increasing tar꧃iffs on US agricultural products like soybeans, banning import of US p🌄oultry, suspending Sino-US cooperation on fentanyl-related issues, and one listed only as "countermeasures in the service trade sector"
If this comes to pass, it could be a major blow for some of this year's upcoming movies, leading to a major knock-on effect for the industry. Both Avatar movies made over $200 million in China alone, as did 168澳洲幸运5开奖网:Jurassic World: Fallen Kingdom, while 168澳洲幸运5开奖网:Avengers: Endgame made $580 million. All these series have new entries coming up, and will be💎 relying on these numbers to make back their sizeable budgets.
