Original Coverage: Amid global competition for production business, Hollywood is hurting

Amid global competition for production business, Hollywood is hurting. President Trump declared, “The movie industry in America is DYING a very fast death” Studios and streamers also aren’t ordering as many shows these days. So do nearly 100 countries, including Canada, the U.K., Ireland and Australia. But keeping productions in the area – and even in the country – has become a challenge, at a time when film and TV production has increasingly moved elsewhere. The trend is known as “run of money” The trend began in the late 1990s, when “you saw out in Canada” was introduced, he says, when rolling tax credits for TV and film production were introduced in Canada and other countries. The issue came to national attention this month, when President Trump announced he would authorize a 100% tariff on movies made outside the United States. But the president quickly paused to consider the idea, saying he’d meet with industry leaders because he wanted “to make them happy” The issue still hasn’t rebounded from the COVID-19 pandemic, triggered by the writers and actors’ strikes in 2023.

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