**Netflix CEOs Speak Up Against Trump's Tariffs**
🚨 The entertainment industry is getting worried about the impact of tariffs on movies and TV shows 🍿📺
As you may have heard, the US government has been imposing tariffs on some countries to protect American products, but it's not just clothes and cars that are affected 🚗👕. Movies and TV shows are also getting caught in the middle of this trade war. Our team talked to some Netflix CEOs to find out what they think about this scary situation 🤔.
According to a recent article by The Hollywood Reporter, Netflix CEO Reed Hastings said, "We're against tariffs, and we think it's a tax on consumers" 🙅♂️💸. This means that if tariffs are applied to DVDs and streaming services, it will be more expensive for consumers to get the content they love 🤩.
The tariffs are already affecting DVD sales in the US. For example, Paramount Pictures saw a 40% drop in sales last year, and there are worries that the streaming service will go down the same path 📉.
Another company saying something about the tariffs is tech expert, Mark Zbikowski, who worked as an engineer at Netflix. He had this to say, "The trade frictions are contributing to entertainment inflation" 📊. What he means is that all these tariffs and higher prices might make streaming services like Netflix more expensive for the common consumer 😬.
'Shouldn't we think about how this will affect people who don't make a lot of money?' asks another expert who wishes to remain anonymous 🤐. These people might struggle to afford even the cheapest streaming service. It would be pretty bad if they're price out of their favorite shows 📺!
Some news outlets have said Trump is going to meet with tech leaders to talk about the topic. They will be discussing what they can do to help 🤝.
You can read the full article here to see what else Netflix CEOs have to say about the tariffs: https://www.hollywoodreporter.com/business/business-news/netflix-ceos-talk-trump-tariffs-1236193774/ 📣
💡 We believe that arts and culture should be available to everyone, regardless of their financial situation. That's why we encourage you to join us in advocating for affordable entertainment for all 🤝.
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