Hollywood's optimism for a recovery in 2025 is waning as Trump's tariffs introduce new economic challenges. Already grappling with declining production and box office revenues, the tariffs could further dampen consumer spending on entertainment. Many industry insiders express a bleak outlook, noting a significant drop in show orders and the declining performance of film sales from festivals like Sundance. There is a consensus that while demand for entertainment exists, the industry's prior expansions into streaming necessitate immediate corrections amidst a grim economic forecast.
"Everyone was trying to think about the recovery and would 25 be an up year, but I think these tariffs are casting a shadow on prospects for growth Hollywood had."
"It's terrible out there," one reality TV producer lamented.
"People still want to be entertained," they added. "But studios overextended themselves to keep up in streaming so they need to correct."
Film sales out of Sundance, which can usually be counted on to set the market, have started out slow, and the box office has been dismal.
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