Disney, Netflix, Warner Bros. Discovery, Paramount, Comcast Stocks Fall After Trump Proposes Foreign

[mystery-ak]

Disney, Netflix, Warner Bros. Discovery, Paramount, Comcast Stocks Fall After Trump Proposes Foreign Film Tariff

Jerome Hudson 5 May 2025

Major Hollywood studios –Netflix, Disney, Warner Bros. Discovery, Paramount, and Comcast — saw their stocks slide as early Monday morning trading began, just hours after President Donald Trump said his administration will begin imposing a 100 percent tariff “on any and all” foreign films coming into the United States because, as he said, “The Movie Industry in American is DYING a very fast death.”

As of this reporting, shares for entertainment giants were trending down. CNBC’s snapshot of the early market shifts:

        Netflix down around 4%
        Disney down more than 3%
        WBD down more than 5%
        Paramount down more than 2%
        Comcast down around 1%

President Trump sent shockwaves through Hollywood late Sunday, writing on Truth Social that while “other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within the U.S.A., are being devastated. This is a concerted effort by other Nations and, therefore, a National Security threat.”

more
https://www.breitbart.com/entertainment/2025/05/05/disney-netflix-warner-bros-discovery-paramount-comcast-stocks-fall-after-trump-proposes-foreign-film-tariff/

[DB]

Won't work.

Hollywood has itself to blame for its decline.

Will have substantial unintended consequences...

Just more economic disruption and uncertainty.

At some point all this takes on a life of its own where fear rules and cannot be controlled.