Trump's proposed tariffs on internationally-produced films could have huge implications for the Toronto film industry.
Vague and grandstanding as the US president’s messaging may be, it has serious ramifications which could wipe out large sections of the film business
www.theguardian.com
U.S. president touts 100 per cent tariff on films produced in non-U.S. locations like Vancouver
vancouversun.com
More nonsense.
In the near-term, the U.S. industry literally can't re-absorb what it has contracted out to Canada and other jurisdictions.
They don't have the personnel.
Even shows shot in the U.S. often have their post-production in Toronto.
He mentions films, not TV, which is a funny bit of hair splitting, but with all things Star Trek generally filmed in Toronto these days.....
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Beyond labour supply issues, the economics of repatriation (removing tax credits and the exchange rate benefits and maybe a Canadian partner) would make a raft of shows (and movies) uneconomical.
I actually don't have a problem with the idea that ideally, shows would be made where they are set, be that New York, Chicago, L.A., Toronto, Vancouver, or London or Paris etc.
But for a host of reasons that simply not feasible, particularly as a sudden, flip-a-switch change.,
I'd actually like to see Canada's cultural investments focused more on true domestic production (Canadian Cultural content) as opposed to subsidizing the U.S. cultural branch plant industry.
I'm not suggesting we sack the latter, merely place more emphasis on the former. Not merely for nationalistic or cultural reasons, but because Canadian IP, owned by Canadian companies and creators has larger economic spin off benefits
for Canada as opposed to simply hosting productions.