Hollywood Faces Job Losses and Decline Amid Trump Tariffs, Tax Competition; Rome's 'Hollywood on the Tiber' Plans Comeback

Hollywood's film production industry is facing challenges as the number of movies filmed in the United States has declined, raising concerns about the sector's sustainability in California. This downturn is partly attributed to increased competition for tax incentives and the impact of tariffs announced by former President Donald Trump on films produced outside the U.S. While American streaming companies continue to thrive, the tariffs aim to encourage productions to return to Los Angeles. However, the globalized nature of the film industry complicates this goal. Despite these challenges, Rome's 'Hollywood on the Tiber' is planning a comeback, seemingly undeterred by the tariff threat. Industry discussions have intensified around developing a sustainable plan to address economic pressures and job losses within Hollywood's film and TV sectors. Efforts to revive Hollywood include attempts at a 'Make America Great Again' (MAGA) reboot, though questions remain about its effectiveness in rescuing the struggling industry.