Donald Trump, newly elected President, has chosen actors Jon Voight, Mel Gibson, and Sylvester Stallone to serve as “specialized representatives” for Hollywood. The goal is to enhance the creation of domestic movies and television series, since the entertainment industry tends to film more often in foreign countries nowadays.
Trump announced on Thursday that he has appointed three skilled individuals as his Special Envoys. Their mission is to help reclaim Hollywood’s business that it has lost over the past four years to foreign countries, making it even more successful than before. He believes they will function as his eyes and ears, enabling him to accomplish what they suggest. Trump referred to this potential resurgence as a new golden era for Hollywood, similar to the United States of America itself.
The message hints that Trump might step in to prevent businesses moving their production overseas to places offering better tax breaks for film and television content. Countries such as the United Kingdom, Canada, and Australia are increasingly enhancing their initiatives to attract Hollywood productions.
A possible approach might involve advocating for a nationwide production tax credit, an idea that various industry associations have been pushing for over the past few years.
More to come.
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2025-01-16 21:54