Trump puts a 100% tax on movies made outside the US, it could really impact Bollywood. Indian movies shown in American theatres might basically double in price because of the tax. This could mean higher ticket prices for moviegoers.
As a result of the higher costs, fewer Bollywood films might be released in the US. This could lead to a smaller audience, as people might choose to watch movies through other streaming services instead of going to the cinema. Bollywood has a big fan base in the US, especially in states like New Jersey, California, Texas, and New York, and they might not be able to see as many movies if the prices go up.
Anant Roongta says "Former American President Donald Trump decided to put a huge tax on movies made outside US and this is bad news for India, which has already been dealing with some trade issues with the US.
As an entrepreneur in the content processing business, it will land a huge blow for studios in India that currently operate on an outsourcing model especially in areas such as visual effects. India has been considered as a trustworthy outsourcing vendor for North American content for over a decade."
While imposing this tax, Trump said-Our movie making business has been stolen from the United States of America, by other Countries, just like stealing candy from a baby.
Anant Roongta explains "In my eyes, I do not agree with Trump's comment on the US movie business getting 'stolen'. The audience demands content at a faster pace and the only way this can happen is by collaborating with talent, globally. The other issue that Hollywood is facing is the countries abroad have far more competitive pricing and tax incentives, leading to the entire film making process to be shipped to other locations in Eastern Europe, GCC, South America and Australia."
How does this affect Indians?
For the Indian diaspora in the US, I do not see any issue for them consuming content originating from India. In my understanding, this tariff is applicable for films produced and funded by studios in the US.
While according to the Producers Guild of India, Indians in the US spend about $100 million every year to watch movies in languages like Telugu, Hindi, Tamil, Malayalam, Punjabi, Bengali, and other Indian languages. If ticket prices go up, it will cost them more to enjoy these movies. This new tax on foreign movies could make it more expensive for people in the US, especially the Indian community, to watch movies from India. The details of how the tax will be implemented are still unclear, but the potential impact on ticket prices is a concern.
India's diverse landscapes and vibrant cities have served as backdrops for many international films, like-
The Dark Knight Rises (2012
· Tenet (2020)
· Mission: Impossible - Ghost Protocol (2011
· Slumdog Millionaire (2008)
· Eat Pray Love (2010)
· The Darjeeling Limited (2007)
· Jobs
India promotes foreign film shoots in country
While the Indian government's Information and Broadcasting (I&B) Ministry has been working to make it simpler for foreign filmmakers to shoot movies in India. These efforts seem to be working, as more and more foreign filmmakers are choosing India as a location. The Film Facilitation Office (FFO), which is part of the ministry, helps foreign film crews get the necessary permissions from state and national agencies quickly.
In 2022, at the Cannes Film Festival, India's showcased its focus on promoting India as the "Content Hub of the World," by showcasing its cinematic diversity and fostering international partnerships in film production, distribution, and technology.
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