Following President Trump's announcement of a 100 percent tariff on foreign films, the film industry initially panicked, fearing it would hinder independent films' funding. However, as the Cannes Market approached, industry professionals tried to remain calm and rational, urging caution in responses to the announcement. Many believed that while it would be a topic of discussion at Cannes, the impact on financing might be exaggerated. They emphasized the resilience and education of the industry, indicating a potential for more robust film packages at this year’s event.
"It's not helpful," one sales agent told IndieWire, adding that anything that creates more uncertainty isn't a good thing, especially for international folks who are only responding to a headline.
Fortunately, we work in a very educated business, and hopefully they recognize we should not overreact to this," producer Jason Michael Berman, who is coming to the festival with Spike Lee's "Highest 2 Lowest," told IndieWire.
It feels a little premature to panic. It's just another work day," added Kara Durrett of Pinky Promise, which has "Eleanor the Great" in Un Certain Regard.
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