7 Ways a Trump Presidency Could Hit Hollywood’s Bottom Line

Labor News, Industry News

Reprinted from The San Francisco Chronicle by Matt Pressberg on November 9, 2016.

Last week, America voted to elect Donald Trump as the 45th president of the United States. Hollywood chose otherwise — even if the president-elect’s highest profile prior his executive role was presiding over “The Apprentice.”

But now that Trump’s America is imminent, it’s going to affect the entertainment industry’s bottom line. Here are seven areas to watch:

1. China
Chinese companies, particularly the Dalian Wanda Group, have been scooping up Hollywood assets like Legendary Entertainment and Dick Clark Productions by the billion — which has recently got some attention from legislators in D.C. concerned about national security implications of China-owned content producers. …

2. AT&T-Time Warner Deal
Trump has already promised his supporters that he won’t allow AT&T’s proposed $85 billion acquisition of Time Warner, which would be the biggest media deal in 16 years. That stance put Trump in agreement with former Democratic presidential candidate Bernie Sanders, who called on the Justice Department to block the deal. Hillary Clinton took a more nuanced approach, calling for it to be “looked into.” …

5. Net Neutrality
In 2014, Trump tweeted his opposition to President Obama’s support of net neutrality — not allowing internet providers to throttle data or provide “fast lanes” for preferred content — which was codified in 2015 with new FCC rules. Media companies are lamenting the likely curbing of the open internet, and content companies investing heavily in streaming video are also facing headwinds. …

SF Chronicle 11/9

About Jeffrey Burman 2122 Articles

Jeff Burman represents assistant editors on the Guild’s Board of Directors. He can be reached at jeffrey.s.burman.57@gmail.com.

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