The Hustle Daily Show New tariffs on foreign films? Netflix takes the hit
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May 6, 2025 President Trump's proposed tariffs on foreign films could reshape Hollywood and impact streaming giants like Netflix. The idea has already stirred stock declines among major media companies. Meanwhile, Skechers' acquisition raises eyebrows amid tariff-related uncertainties. The podcast delves into the shift towards domestic content production amidst rising costs for international filmmakers. There's also a nod to the ongoing evolution of communication tools, reflecting on the rise of platforms like Zoom. Marvel’s latest hits also get a spotlight!
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Skype's Rise and Fall
- Skype revolutionized cheap international calls but lost ground to Zoom and FaceTime since 2020.
- Microsoft Teams replaced Skype but is often criticized for poor user experience.
Impact of Proposed Film Tariffs
- President Trump's suggestion for a 100% tariff on foreign films creates uncertainty for US media companies.
- This could lead to fewer films being produced or more production shifting back to the costly US market.
High US Filming Costs
- Filming outside the US is common due to high production costs in places like Los Angeles.
- Tariffs could raise costs, reducing foreign productions or pushing more production domestically at higher expenses.