0:00
Widespread tariffs may soon hit Hollywood where it hurts most, the global box office
0:06
In the latest twist in U.S.-China trade tensions, Beijing is eyeing America's silver exports
0:12
And if that happens, it could mean a major plot twist for your favorite blockbusters
0:17
China, considering a sweeping move to cut Hollywood films from its theaters
0:22
Bloomberg reports two influential media figures in China, known for signaling government thinking
0:27
posted that a ban could be on the table. This comes after the Trump administration announced a 104% tariff on Chinese imports
0:36
set to take effect midnight Wednesday. While films and streaming fall under services and not physical goods
0:42
the posts suggest China is looking for ways to respond to the tariffs
0:47
And it could hit hard as China is the second largest film market in the world
0:51
and a major source of revenue for U.S. studios. with big releases on the way Like Marvel Fantastic Four this summer a potential band could mean a significant drop off for the MCU The top five Marvel
1:05
movies alone have brought in $1.6 billion at the Chinese box office. Without that market
1:11
future releases could face a steep climb to global success. And according to Variety
1:20
2024 Godzilla X Kong was the highest grossing US release in China, earning $124 million after 24 days on release
1:30
In recent years, Chinese audiences have been gravitating toward domestic films that reflect
1:35
local culture and values, while Hollywood's influence has started to slightly fade
1:39
But U.S. films still dominate globally, and if China follows through, Hollywood could lose
1:46
hundreds of millions in box office earnings, and some fans might miss out on seeing blockbuster
1:51
films on the big screen. With Straight Arrow News, I'm Kennedy Felton. Download our app or visit san.com for more
