Donald Trump names Jon Voight, Mel Gibson and Sylvester Stallone as Hollywood 'special ambassadors'

Read Time:2 Minute, 20 Second

President-elect Donald Trump has tapped Hollywood icons Jon Voight, Mel Gibson and Sylvester Stallone as “special ambassadors” to help revitalize domestic film and television production. Trump announced the appointments in a Truth Society post on Thursday, pledging to bring Hollywood production back to the United States and promising a return to what he called the “Golden Age of Hollywood.” Let Hollywood, which has been hemorrhaging foreign business for the past four years, come back—bigger, better, and stronger than ever! “These three very talented individuals will be my eyes and ears and I will follow their advice,” Trump wrote. Like the United States of America itself, this will once again be Hollywood's Golden Age! ” Trump's announcement comes amid growing concerns about Hollywood's increasing reliance on foreign countries for film and TV production due to generous tax incentives, with countries such as the UK, Canada and Australia aggressively luring Hollywood productions with attractive financial rebates. , the UK allows studios to recoup up to 25% of qualifying expenses, while Canada and Australia offer rebates of more than 30%, becoming the norm for big-budget projects and A hot spot for visual effects work. In recent years, Hollywood blockbusters such as “Jurassic World”, “Mission Impossible 7” and “Fantastic Four: The First Step” have been attracted by these incentives to shoot overseas. Meanwhile, U.S. states are competing to retain Hollywood funding through their own tax credit programs. California, long considered the center of the entertainment industry, recently reduced its annual production incentives from $3.3. That expands to $750 million, bringing the total to $3.75 billion over five years starting in 2025. Still, it's hard to compare with countries that don't have the annual production incentives Trump has put in place to revive Hollywood production. The focus points to the possibility of federal production tax incentives, an idea that industry trade groups have long lobbied for. Federal incentives could allow filmmakers to layer state and federal subsidies to make U.S. films more competitive on the global stage. It's unclear what specific roles Voight, Gibson and Stallone will play as Trump's Hollywood ambassadors, but the trio represents a nostalgic tribute to Trump's American film legacy. A long-time supporter of the former president, Gibson often praised the former president's policies, and Gibson despite Controversial but still a major figure in Hollywood, Stallone, who became a household name for his iconic roles in “Rocky” and “First Blood,” is no stranger to industry politics and is likely to work for Trump. Trying to bring star power like this: Like Loading… from Baller. Discover more in Alert Subscribe to have the latest posts delivered to your email.

Source link