Lates News

Recently, US President Trump announced that he intends to impose tariffs as high as 100% on films produced overseas. After the news came out, streaming platform Netflix saw its stock drop more than 4% in early trading, and by the end of the day it had fallen by about 1.9%, ending an 11-day streak of gains. Other major US film and television companies such as Warner Bros., Discovery Group, Paramount, and Disney also saw their stock prices fall overnight by between 0.4% and close to 2%. Analysts at Citigroup pointed out that if the film tariffs were to be implemented, Netflix would be hit the hardest, as half of its original content is produced outside the US. Based on this data, imposing a 100% tariff on films could result in a 20% decrease in earnings per share for the company. (CCTV Finance)