The Prague Post - 'He's killing us': Cannes dealmakers hate Trump's big Hollywood idea

EUR -
AED 4.344301
AFN 79.561755
ALL 96.879357
AMD 452.250425
ANG 2.117919
AOA 1084.745412
ARS 1743.303996
AUD 1.781774
AWG 2.132229
AZN 2.007599
BAM 1.956451
BBD 2.384613
BDT 144.157949
BGN 1.957055
BHD 0.44602
BIF 3533.476576
BMD 1.182928
BND 1.511575
BOB 8.181721
BRL 6.299805
BSD 1.183959
BTN 103.950575
BWP 16.784086
BYN 4.010832
BYR 23185.397773
BZD 2.381212
CAD 1.630134
CDF 3375.501241
CHF 0.933206
CLF 0.028723
CLP 1126.810299
CNY 8.40305
CNH 8.403175
COP 4586.213631
CRC 596.658105
CUC 1.182928
CUP 31.347604
CVE 110.301688
CZK 24.317992
DJF 210.832997
DKK 7.464468
DOP 73.649516
DZD 152.934913
EGP 56.995032
ERN 17.743927
ETB 171.566713
FJD 2.652421
FKP 0.865879
GBP 0.867252
GEL 3.181901
GGP 0.865879
GHS 14.503824
GIP 0.865879
GMD 85.170434
GNF 10268.634223
GTQ 9.070017
GYD 247.712392
HKD 9.201114
HNL 31.044489
HRK 7.534895
HTG 154.918432
HUF 388.464832
IDR 19568.120842
ILS 3.958481
IMP 0.865879
INR 104.242618
IQD 1551.115922
IRR 49756.988283
ISK 142.802863
JEP 0.865879
JMD 189.977568
JOD 0.838732
JPY 174.360132
KES 152.775306
KGS 103.446851
KHR 4744.176923
KMF 490.915303
KPW 1064.614116
KRW 1639.532944
KWD 0.360781
KYD 0.986728
KZT 641.553389
LAK 25646.771633
LBP 105033.1643
LKR 357.32828
LRD 209.569706
LSL 20.590026
LTL 3.49288
LVL 0.715541
LYD 6.368903
MAD 10.628935
MDL 19.517914
MGA 5201.620197
MKD 61.560476
MMK 2483.452107
MNT 4255.804998
MOP 9.483654
MRU 47.222152
MUR 53.551423
MVR 18.100206
MWK 2054.746279
MXN 21.623323
MYR 4.964725
MZN 75.600928
NAD 20.590549
NGN 1767.247986
NIO 43.570256
NOK 11.591664
NPR 166.311476
NZD 2.006783
OMR 0.454856
PAB 1.183994
PEN 4.11887
PGK 4.949353
PHP 67.507956
PKR 336.002818
PLN 4.255791
PYG 8448.52441
QAR 4.318236
RON 5.069554
RSD 117.16076
RUB 98.370451
RWF 1716.227315
SAR 4.436951
SBD 9.720201
SCR 17.285366
SDG 711.535969
SEK 10.970147
SGD 1.513463
SHP 0.929596
SLE 27.574651
SLL 24805.422631
SOS 675.504695
SRD 45.233409
STD 24484.230754
STN 24.506701
SVC 10.360446
SYP 15380.189307
SZL 20.581237
THB 37.649033
TJS 11.159412
TMT 4.152079
TND 3.42734
TOP 2.770539
TRY 48.889957
TTD 8.032672
TWD 35.576341
TZS 2915.918972
UAH 48.820707
UGX 4144.378476
USD 1.182928
UYU 47.605834
UZS 14545.83814
VES 189.561186
VND 31208.610038
VUV 140.160551
WST 3.131806
XAF 656.158606
XAG 0.028276
XAU 0.000323
XCD 3.196924
XCG 2.13391
XDR 0.816044
XOF 656.153058
XPF 119.331742
YER 283.370262
ZAR 20.556895
ZMK 10647.768203
ZMW 27.734287
ZWL 380.902481
  • RBGPF

    -0.6700

    76.6

    -0.87%

  • RYCEF

    -0.2600

    15.38

    -1.69%

  • BTI

    0.2400

    56.03

    +0.43%

  • CMSC

    0.0300

    24.42

    +0.12%

  • NGG

    0.2700

    71.15

    +0.38%

  • GSK

    0.3100

    40.36

    +0.77%

  • VOD

    -0.1100

    11.66

    -0.94%

  • AZN

    0.1300

    77.69

    +0.17%

  • RIO

    -0.4500

    62.99

    -0.71%

  • RELX

    0.4000

    47.09

    +0.85%

  • BP

    -0.1300

    34.3

    -0.38%

  • SCS

    -0.1500

    16.73

    -0.9%

  • BCC

    -1.9300

    80.46

    -2.4%

  • BCE

    0.0600

    23.49

    +0.26%

  • CMSD

    0.0600

    24.52

    +0.24%

  • JRI

    -0.0700

    13.85

    -0.51%

'He's killing us': Cannes dealmakers hate Trump's big Hollywood idea
'He's killing us': Cannes dealmakers hate Trump's big Hollywood idea / Photo: Antonin THUILLIER - AFP

'He's killing us': Cannes dealmakers hate Trump's big Hollywood idea

There are not many fans of Donald Trump's dream to save Hollywood with tariffs among the dealmakers at the Cannes film festival -- even among those who voted for him.

Text size:

Unlike Robert De Niro -- a vocal critic who called Trump "America's philistine president" at the festival's opening ceremony -- they told AFP they have no political or personal axes to grind with him.

But they see his idea of 100-percent tariffs on movies produced "in foreign lands" as a "massive potential disaster" for an industry already shaken by streaming platforms.

"I don't see any benefit to what he is trying to do. If anything it could really hurt us," Scott Jones, the head of Artist View Entertainment, told AFP.

"A lot of people are out of work right now, and this is not going to make it better. There needs to be method to the madness," said the producer, in Cannes with a Tennessee-shot Civil War epic "The Legend of Van Dorn".

Trump's own "special ambassadors" to the industry, actors Jon Voight and Sylvester Stallone, both signed a letter Tuesday thanking him for drawing attention to "runaway" US productions being shot overseas, but asking for tax breaks to keep them in the United States rather than tariffs.

A wide coalition of Hollywood producers, writers and directors groups also put their names to the call.

"More than 80 countries offer production tax incentives and as a result, numerous productions that could have been shot in America have instead located elsewhere," they said.

The biggest American film at Cannes is Tom Cruise's "Mission: Impossible - The Final Reckoning" -- which was mostly shot in Britain and South Africa.

- 'Catastrophic' -

"Hollywood movies are made all over the world," said Louise Lantagne, head of Quebecreatif, which supports the Canadian industry.

And producers have been going north to make movies in Canada for decades "because we are cheaper and we have tax credits, great facilities and really top technical talent", she added.

"Of course it is going to be hell if (tariffs) happen," she told AFP, but "for the moment it is just a tweet -- even if everyone is really stressed by these declarations".

Many, like American sales agent Monique White of California Pictures, think tariffs are "unfeasible" and Trump will quietly drop the idea.

"Tariffs are legally and technically impossible without changing the law in Congress, which doesn't look likely," she told AFP.

But others worry that the damage has already been done.

One veteran producer who voted twice for Trump, and asked not be named, said the threat of them alone has already been "catastrophic for confidence".

"Investors, particularly foreign ones, don't want to get burned down the line. He's killing us," he told AFP.

- 'Too expensive' -

Even if Trump manages to push tariffs through, Lantagne argued it would be a "bureaucratic nightmare to rule on what is a US film", as financing and talent is now so international.

Sylvain Bellemare, who won the Oscar for sound editing in 2017 for "Arrival", gave two clear examples from his own recent work.

He is in Cannes for the red carpet premiere of the US film "Splitsville" starring Dakota Johnson.

"It was completely shot in Quebec," he told AFP, but with American money.

And last year he worked on the Paramount film "Novocaine", which was set in San Diego but shot in South Africa with its post-production in Quebec.

American producers "do not have the money anymore to shoot in the US like they used to in California, it is so expensive", he told AFP.

California's governor Gavin Newsom has been struggling to push through plans to double tax breaks to $750 million (670 million euros) a year to stem the flight -- a sum White said "is still way too small".

Meanwhile, Cannes' bustling industry market is crammed with countries offering generous fiscal incentives to tempt US movie and TV makers their way.

A.Stransky--TPP