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Foreign-Made Movie Tariffs Weigh on 3 Entertainment Stocks
DISDisney(DIS) Schaeffers Investment Research·2025-05-05 22:56

President Donald Trump revealed over the weekend he allowed government agencies to impose a 100% levy on movies made outside of the U.S., which would significantly raise costs for entertainment companies. In response, shares of Netflix Inc (NASDAQ:NFLX), Walt Disney Co (NYSE:DIS), and Warner Bros Discovery Inc (NASDAQ:WBD) are moving lower today.NFLX was last seen down 2% to trade at 1,132.96,ontracktosnapitsimpressive11daywinstreakthatculminatedinaMay2,recordpeakof1,132.96, on track to snap its impressive 11-day win streak that culminated in a May 2, record peak of 1,159.44. Shares als ...