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Stock impact report

Trump Tariffs Impact on Hollywood: Not Much ‘Direct Harm' — but a Resulting Recession Would Be ‘One-Two Punch' for the Entire Sector [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
However, the knock-on effects — namely, depressed U.S. consumer spending and a pullback in ad budgets — would clearly cut into Hollywood's profits, according to analysts. Fears about the new Trump tariffs' triggering a recession were reflected by the broad stock market sell-off Thursday. More from Variety Conan O'Brien Defends Attending Kennedy Center Mark Twain Event Despite Trump Controversy: 'I Felt Like It Was Important' Trump's 'Illogical and Absurd' Tariffs Trigger Broad Market Slump, Sending U.S. Media and Tech Stocks Even Lower Trump Tariffs: Australia Holds Firm on Local Content Quotas Despite U.S. Trade Pressures Trump's “reciprocal” tariffs “won't cause much direct harm” to media and entertainment companies, Morningstar senior equity analyst Matthew Dolgin wrote in an April 3 research note. Other than the likes of Apple and Roku, for which hardware comprises a sizable portion of revenue, most companies in the sector “don't rely much or at all on selling goods. H Show less Read more
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