American media stocks fell on Monday after President Donald Trump unveiled a 100% tariff on all movies produced outside the U.S.
When implemented, the increase could sharply raise costs for Hollywood studios and rattle the global entertainment industry.
Trump’s announcement was short on details. It did not say whether the levies will target films on streaming platforms and those shown in theatres, nor did it specify if the tariffs will be calculated based on production costs or box office revenue.
American movies generated $22.6 billion in exports and a trade surplus of $15.3 billion in 2023, according to the American Motion Picture and Television Industry.
A survey conducted by ProdPro among studio executives regarding their preferred production locations for 2025 to 2026 showed that the top five choices were all outside the U.S.
Streaming pioneer Netflix could particularly be at risk, analysts told Reuters, as it relies on its global production network to produce content for international audiences. Its shares fell 4.9% in premarket action, leading a slide in media stocks.
READ ALSO: Trump Plans ‘100% Tariff’ On All Movies Produced Abroad
Despite Los Angeles’s longstanding reputation as the hub of cinema, studios have over the years shifted production overseas to locations such as the UK due to attractive tax breaks and lower costs. None of the 10 best picture contenders for this year’s Oscars were filmed in the Californian city.
A forced move back to the U.S. would likely drive up production budgets for an industry that now relies on a global supply chain, with shoots in Europe, post-production hubs in Canada and visual effects teams spread across Southeast Asia.
American media stocks fell on Monday after President Donald Trump unveiled a 100% tariff on all movies produced outside the U.S.
When implemented, the increase could sharply raise costs for Hollywood studios and rattle the global entertainment industry.
Trump’s announcement was short on details. It did not say whether the levies will target films on streaming platforms and those shown in theatres, nor did it specify if the tariffs will be calculated based on production costs or box office revenue.
American movies generated $22.6 billion in exports and a trade surplus of $15.3 billion in 2023, according to the American Motion Picture and Television Industry.
A survey conducted by ProdPro among studio executives regarding their preferred production locations for 2025 to 2026 showed that the top five choices were all outside the U.S.
Streaming pioneer Netflix could particularly be at risk, analysts told Reuters, as it relies on its global production network to produce content for international audiences. Its shares fell 4.9% in premarket action, leading a slide in media stocks.
READ ALSO: Trump Plans ‘100% Tariff’ On All Movies Produced Abroad
Despite Los Angeles’s longstanding reputation as the hub of cinema, studios have over the years shifted production overseas to locations such as the UK due to attractive tax breaks and lower costs. None of the 10 best picture contenders for this year’s Oscars were filmed in the Californian city.
A forced move back to the U.S. would likely drive up production budgets for an industry that now relies on a global supply chain, with shoots in Europe, post-production hubs in Canada and visual effects teams spread across Southeast Asia.
Togo protesters are opposing constitutional amendments that could obliterate Faure Gnassingbe’s hold in power for an indefinite period. He has been sworn in as the “President of the Council of Ministers,” a newly created position with no term limits.
An unfamiliar Simulated Reality League (SRL) ticker started appearing in Nigerian gaming centers in April 2020 as live football was being replaced. Arsenal vs. Chelsea, 14:00, appeared to be real, but they are still 100% algorithm. Four seasons later, operators from Bet9ja to Surebet247 keep them on the menu, and SRL fixtures continue to fill the gap between lunchtime and the Champions League’s evening games.
How the machines actually function
Sportradar’s Betradar division constructs SRL. The engine “plays” a full 90-minute simulation in real time while digging through the historical data from more than 50 000 real matches. While traders fluctuately price the markets, it spits out everything a sportsbook would require, including xG swings, VAR delays, and even an 87-minute own goal.
SRL is not just another eight-minute virtual animation loop due to its realism. Bet9ja explainers claim that the SRL “models real teams and players” and keeps punters glued throughout the entire match.
No one anticipated the figures.
The market is projected to be worth US $ 19.16 billion in 2024, and it will grow to US $ 92 billion by 2034, growing at a 17 % CAGR, according to consultancy Precedence Research. Hard data is scarce in Nigeria, but operators claim that SRL turnover is now comparable to weekly Serie A handle. The outcome ? Twenty-four-seven games with never-postponed mobile data requirements and odds that resemble the Premier League never occur.
An illustration of the lunch hour in Lagos
Two screens, one of which depicts a real Copa Libertadores replay and the other an SRL “Liverpool v. Aston Villa,” can be found inside a Surebet247 store on Allen Avenue at 1 p.m. When nothing else is live, or when Klopp’s actual squad is just too unpredictable, Uche, a 26-year-old graphics designer, tells me he punts SRL during his lunch break. SRL is treated the same way as live sport because the operator offers the same minimum stake of 50 as SRL and it appears under “Flash Soccer” in the sportsbook.
Regulation: horizon storms
A new federal agency with authority to certify every piece of online gaming technology, which almost certainly includes SRL engines, is proposed in the Central Gaming Bill (2025). Extra audits could cause smaller betting shops to lose money while stifling the introduction of new SRL sports. Regulators are also under pressure to keep up with innovation.
Can savvy gamblers still “beat” the sim?
Real leagues leave informational gaps that bookies can’t fill, argue traditional edge-hunters, the men who search Instagram for hints of a star striker’s hangover. Your insider knowledge of Enyimba’s dressing room bustup doesn’t matter to the algorithm because those human variables are flattened into data averages in SRL. Efficiency is a warning sign for punters looking for long-term ROI: it’s built in.
Three scenarios for 2025‑2030
Scenario
how it appears
There are a chance it occurs.
staple of snack foods
Between live events, SRL serves as a filler, with football dominating teams and constant margins.
3/5
leap that is a ‘immersive’
Microbets drop every 30 seconds in a virtual stadium thanks to cheap AR glasses. According to Deloitte’s 2024 Sports Outlook, generative AI is already moving in this direction.
2/5
regulatory restraint
The big three operators continue to use SRL, while smaller stores abandon it, due to the central gaming bill’s forced separation of certification.
1/5
The bottom line for Nigerian businesses is that they lose money.
Boost the engine: South-south audiences could be able to access cricket SRL during IPL downtime because football is so saturated.
Push for transparency: publish independent RNG certificates front-and-center rather than buried in the footer.
Keep streams light by keeping their footprint from falling. SRL’s core audience wagers on sub-400 daily data bundles.
What had seemed to be an unavoidable situation for months was confirmed by Trent Alexander-Arnold’s announcement to leave Liverpool at the end of the season.
And he will travel to Real Madrid with his friend and former England colleague, even though his emotional farewell video did not mention it.
Alexander-Arnold deserves praise for establishing his current course of action. After the Premier League title victory parade through the city on May 26th, he could have taken the easy way out and left Liverpool’s supporters hanging.
With just two home games remaining, the 26-year-old has chosen to play against Arsenal and Crystal Palace, where Liverpool will win the trophy to celebrate their 20th English league title, in public.
Many Liverpool supporters are puzzled by the player’s decision to leave his hometown club on a free transfer.
Alexander-Arnold’s celebration of his late winner at Leicester City in April, when he removed his red shirt and placed it on a corner flag in front of Liverpool’s supporters, gave him pause to consider whether or not he would be able to leave the club he had called home for 20 years.
When he once more refrained from discussing his future during the victory celebrations, the truth was revealed.
No amount of heartfelt tugging would change the Liverpool legend’s opinion.
When Alexander-Arnold plays his final game at Anfield on May 25th, his fans will have mixed emotions in the stands and on the pitch, but his departure may just ease many Liverpool fans’ disappointment and dismay, in some cases even anger and bemusement.
Liverpool’s supporters have also been questioning Alexander-Arnold’s decision’s timing.
Images courtesy of Getty
With Carlo Ancelotti’s departure expected at the end of the season, it will also be a time for churn off the pitch at the Bernabeu.
Why switch from Liverpool’s stability and success to Real Madrid’s transitional phase?
It’s simple to say the answer. Real Madrid’s appeal is almost always unresistant.
Before making a decision to join Real in the summer of 2023, Bellingham was being courted by every major club in Europe. When Real Madrid knock on the door, the entire house shakes, as he once said.
Real Madrid’s £20m bid in the January transfer window served as the biggest indicator of Alexander-Arnold’s future.
Real’s transfer strategy was widely known, and those who knew it for a while knew that a free transfer would be completed in the summer were assured that they would not make it. There was also the possibility of rejection.
Liverpool did decline the offer because they wanted to keep Alexander-Arnold and also wanted to gain some rest for a change of heart. He learned that he would not be signing a new contract with his new coach two months later when he met with Arne Slot.
There was never the same level of assurance about Alexander-Arnold, despite the fact that there was always a quiet assurance behind the scenes at Anfield that Mohamed Salah and Virgil van Dijk would sign new deals.
With injuries and the constant rumors and the assumed assumption that Alexander-Arnold was leaving at times, it has been a challenging season for him.
In the January 2-2 draw at Anfield against Manchester United, everything appeared to come to an end.
In what appeared to be a fog of confusion, Alexander-Arnold played a poor pass that gave Real Madrid the opportunity to win the title before being badly overlooked for Amad Diallo’s late equalizer.
Some Liverpool supporters will recall the good times when they feel betrayed and are frequently whistling in the wind. However, it is appropriate in this situation.
Alexander-Arnold has been a key player in the positive experiences Liverpool’s international fanbase experienced first under Jurgen Klopp, then in a remarkable first title-winning campaign under Slot.
Since making his debut in 2016, he has made 352 appearances, collecting 23 goals and winning all of the game’s major prizes. Since then, Liverpool have won 234 games.
Alexander-Arnold played a key role for Liverpool when they won their first title in 30 years under Klopp, who had previously won the Champions League by beating Tottenham Hotspur 2-0 in the final of the Madrid Cup.
He currently holds two Premier League titles, as well as the FA Cup, two League Cups, the FIFA Club World Cup, and the Uefa Super Cup.
Despite the controversy surrounding Alexander-Arnold’s defensive flaws, Liverpool’s creative genius and stunning passing range always outweighed these. His 86 assists total during his Anfield career demonstrate this.
As royal fans watched the military parade, Prince Louis made a blink-and-you’ll miss it moment as he appeared to gently mock his older brother Prince George.
Prince Louis has left royal fans in stitches after appearing to tease his older brother Prince George at VE Day commemorations. The Prince and Princess of Wales’s children made a rare public appearance as they joined the King, Queen and veterans to watch a military parade marking the 80th anniversary of the end of the Second World War in Europe at Buckingham Palace.
The royals sat among veterans watching the parade, with the children shaking their hands and listening to their stories. And in one sweet moment, Louis, aged seven, brushed lint from dad William’s RAF uniform jacket, as the Prince of Wales explained the parade to his youngest son.
Prince Louis with his family at the VE Day parade today(Image: Getty Images)
However, Louis was caught in another incident as George was removing his face’s hair. And Louis, age 7, appeared to flick his own hair out of his face and ribbing his older brother in a cheeky move.
The royals were applauded as they took their seats as the audience arrived. One veteran shook his friend’s hand as he took his seat. Kate was the last to greet the serviceman as she sat next to him, with his children following his example. Later, he made an appearance and showed her some photos, which she took.
As the King assisted in blanketing veteran Joy Trew up after the royals had taken their seats, many people began to put up umbrellas as a result of the light drizzle.
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The royal family is scheduled to attend engagements over the next four days, less than a week after the Duke of Sussex told the BBC his father would not speak to him and he did not know how much longer the King had left.
Louis taps his father on the shoulder (Image: PA)
However, the King and Queen “looking forward” to the week’s events, and it is understood that Buckingham Palace hopes that “nothing will detract from celebrating with full joy and proud hearts that precious victory and those brave souls, on this most special and poignant of anniversaries,” out of respect for the surviving veterans.
The King wore naval uniform number X in a manner similar to that of his grandfather, King George VI. On VE Day, 1945, the monarch wore a simple dress with no decorations or medals, similar to the monarch. Camilla wore the 12th Royal Lancers Brooch, Her Majesty’s late father’s regiment, with a sapphire blue, crepe dress and coat by Fiona Clare.
Princess Anne wore the First Aid Nursing Yeomanry (Princess Royal’s Volunteer Corps) uniform without any decorations, just like her mother did on the balcony of Buckingham Palace in 1945, a sweet nod to the late Queen.
The Wales family at the parade today(Image: Ian Vogler / Daily Mirror)
During VE Day, large crowds gathered outside Buckingham Palace to view King George VI, Queen Elizabeth, and Elizabeth and Margaret as well.
The royal family is scheduled to participate in engagements over the next four days, as they hope “nothing will detract or distract” from the commemorations following Prince Harry’s bombshell interview with the BBC. He told the broadcaster his father would not speak to him, and he did not know how much longer the King had left.
The King and Queen are “looking forward” to the week’s events, and it is understood that, out of respect for the surviving veterans, Buckingham Palace hopes “nothing will detract or distract from celebrating with full cheer and proud hearts that precious victory and those brave souls, on this most special and poignant of anniversaries”.
On Monday morning, people started gathered at The Mall, with some arriving the day before for a good viewing spot. In other locations, street parties are planned for cities and towns throughout the UK.
Sir Keir Starmer said the week’s events are a reminder that victory was “not just for Britain” as personnel from the US, France and Germany will be among those joining the military procession in London on Monday. In an open letter to veterans, he said: “VE Day is a chance to acknowledge, again, that our debt to those who achieved it can never fully be repaid.”
