As I said last week, the ripple effect of the Trump Tariffs would follow Hollywood for a few weeks. Well, as Cannes is set to begin, one of the questions on everyone's mind there is if they'll be affected either now or down the line by the theoretical 100% tariffs that Trump promised on foreign-made films. Let's dive in. So far, it's business as usual at the film market, but the looming threat still hangs overhead. That can make people looking to buy packages worried about their return on investment. IndieWire dug in on this very issue, with producer Jason Michael Berman, at the festival with Spike Lee’s Highest 2 Lowest, saying, “Fortunately, we work in a very educated business, and hopefully they recognize we should not overreact to this,” he continued, “This is what was on the top of the president’s mind, and he made a comment about it, and it just happened to be right before the Cannes marketplace.”So, in short, most people are not worried about accruing additional costs later, even as the tariffs seem like they could just be a tweet away. They want movies that can debut all over the globe and that may see awards and box office success if you put them in front of enough people. They also look at which of these titles could do well on VOD. Everyone I've talked to speaks with confidence in this market. There are a lot of buzzy movies debuting, and people are excited about...
Published By: NoFilmSchool - Yesterday