This week, Trump's Hollywood Tariffs have been a hot-button issue across the entertainment industry, as everyone debates whether or not they could help us. Well, movie studio heads are starting to weigh in on the possibility of these upcoming taxes and to offer solutions as to what would really help the industry out. A few of these studio moguls were at the 2025 Milken Institute Global Conference in Beverly Hills, where the tariffs were one of the first questions brought up. As covered in Variety, they did not hold back. “It’s a big issue, obviously,” said Ravi Ahuja, president and CEO, Sony Pictures Entertainment. “I think in terms of productions leaving [the U.S.], it’s almost more a California issue, honestly, than a U.S. issue. So while it’s true a lot of production has left the United States, it’s even worse for California.” Ahuja expanded on this idea: “I think what’s often forgotten in our business is, the margins are pretty modest” – about 10% for any studio. “So it’s not a business that relies on an enormous well of profit,” Ahuja said. “And producers will tend to locate in the place that’s efficient, so the more we can make the U.S. more efficient, the better.”That's one hurdle I think all execs want the general public to understand. It's not like they're just giving this money to celebs or taking it themselves, these budgets are massive and companies are picking places to shoot because they save them money, or because they...
Published By: NoFilmSchool - Yesterday