movie industry

Published on
29/09/2025 – 16:54 GMT+2

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The sword of Damocles hanging for several months over the global film industry located outside the US appears to have fallen: US president Donald Trump announced on Monday that he wants to impose a 100% tax on films made abroad.

“Our movie making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby.’ California, with its weak and incompetent Governor, has been particularly hard hit!” Trump wrote on his social media Truth Social, adding: “Therefore, in order to solve this long time, never ending problem, I will be imposing a 100% Tariff on any and all movies that are made outside of the United States. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN! President DJT.”

In May 2024, Trump authorised the US Department of Commerce and the US Trade Representative to slap a 100% tariff on all movies not produced in the US.

Representatives of the EU film industry who spoke to Euronews feared at the time that they might be overlooked by the EU in its trade negotiations with the US.

Since then, a trade agreement concluded in July made no mention of the film industry – a service sector not covered by blanket tariffs of 15% that were slapped on all US-bound EU goods.

The EU film industry faces criticism from major American streaming platforms which claim EU rules are too protective of the interests of the European industry.

The Motion Picture Association (MPA), which represents US film, television, and streaming industries, has its sights set on the EU legislation imposing quotas requiring video on demand services operating in the EU to reserve 30% of their catalogue for European work and obligations to invest in European works made by EU member states. They had written to the Trump administration in March 2024 to defend their cause.

In 2023, 4.8 million European movies were screened in the US, according to the European Audiovisual Observatory.

The European Commission has been approached for comment.

Published on
12/09/2025 – 9:49 GMT+2

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Shares in Warner Bros Discovery surged nearly 30% in New York on Thursday after the Wall Street Journal reported that Paramount Skydance was preparing to buy its rival.

Paramount Skydance’s stock also rose around 16% in daily trading.

The majority cash bid is reportedly for the entire company, including its movie studio and cable networks like HBO and CNN. Warner said late last year that it planned to split into two operating divisions: one focused on cable TV and the other on streaming and studios.

Paramount’s offer is allegedly backed by Oracle’s Larry Ellison, who briefly became the world’s richest person this week, overtaking tech tycoon Elon Musk. The billionaire’s son, David Ellison, runs Paramount Skydance.

The WSJ noted that a bid hasn’t yet been submitted and that plans could still fall apart.

Paramount Skydance’s market value was $19 billion (€16bn) as of Thursday’s close, while that of Warner Bros Discovery was roughly $40bn (€34bn).

Paramount and Warner Bros did not immediately respond to requests for comment regarding reports of the acquisition.

If approved, a merger between the two firms would mark the biggest consolidation in Hollywood since Walt Disney bought the entertainment division of Fox Corp. in 2019.

Scale would allow the new company to compete with the likes of streaming giants Netflix and Disney as the industry is redefined by changes in traditional viewing habits.

Paramount Skydance merger

The report comes just weeks after the finalisation of a $8bn (€7bn) merger between movie giant Paramount and independent film studio Skydance Media.

This acquisition became particularly controversial after it was linked to a legal dispute over a CBS News interview.

In July, Paramount paid $16 million (€14mn) to settle a defamation case against US President Donald Trump. The Republican leader claimed that Paramount’s CBS News in November edited a “60 Minutes” news programme with then-vice president Kamala Harris in a way that was deliberately deceptive.

Paramount said in a statement that the settlement with Trump was “completely separate from, and unrelated to, the Skydance transaction and the FCC approval process”. 

Even so, critics of the settlement lambasted it as a veiled bribe to appease Trump and allow the merger to go ahead.

Despite the payout, Paramount’s settlement did not include a statement of apology or regret.

Skydance did, however, declare it would end Paramount’s diversity programmes and appoint an ombudsman to review complaints of bias. Paramount also cancelled the left-leaning Late Show with Stephen Colbert ahead of the merger approval.

Critics viewed the moves as further attempts to win over President Trump, although Paramount denied that the Colbert show was cancelled for political motives.

James Gunn has his own theory about why the movie industry is “dying.”

The filmmaker, screenwriter and co-head of DC Studios contends that the reason for bad movies is Hollywood’s tendency to begin productions before screenplays are complete, he told Rolling Stone in a new interview.

“I do believe that the reason why the movie industry is dying is not because of people not wanting to see movies. It’s not because of home screens getting so good,” Gunn said. “The number one reason is because people are making movies without a finished screenplay.”

That’s why one of his main rules at DC Studios is that movies must have finished scripts before they go into production. In fact, Gunn just scrapped a project because the screenplay wasn’t ready, he said. On the other hand, he described the scripts for the upcoming DC films “Supergirl,” “Lanterns” and “Clayface” as “so f—-ing good.”

Before taking the reins of DC Studios in 2022, Gunn co-wrote and directed three “Guardians of the Galaxy” movies for now-competitor Marvel Studios, which he said has been “killed” by Disney’s directive to increase output.

“We don’t have the mandate to have a certain amount of movies and TV shows every year,” Gunn said of DC Studios. “So we’re going to put out everything that we think is of the highest quality.”

During the interview, Gunn also addressed rumors that Matt Reeves’ sequel to “The Batman,” starring Robert Pattinson, has been axed. The film, which Gunn confirmed is still titled “The Brave and the Bold,” has been delayed a year and is now expected in October 2027.

“That’s the other thing I hear all the time — that ‘Batman Part II’ is canceled. It’s not canceled,” Gunn said. “We don’t have a script. Matt’s slow. Let him take his time. Let him do what he’s doing. God, people are mean. Let him do his thing, man.”

Finishing the scripts for the “The Batman” sequel and “Wonder Woman” are among DC Studios’ top priorities, Gunn noted.

Additionally, Gunn reflected on the 2018 scandal that saw him briefly fired from “Guardians of the Galaxy Vol. 3” when tweets resurfaced of him joking about pedophilia and rape. He said without that experience, his script for “Superman” — hitting theaters July 11 — would have been much different.

“That opened the door for me to stop creating so that people would like me. That’s downplaying it — so people would love me,” Gunn said. “I think on some level, everything I had done came from a pleasing place.”

When asked whether he’s worried about ever running out of ideas, Gunn didn’t seem too concerned.

“If I do, then I’ll go raise goats,” he said. “I really am fine. There’s a lot of directors who get worse as they get older, and I don’t wanna do that. Or maybe I do — I don’t know. It’s like, if it runs out — it hasn’t so far. But who knows?”