The stock prices of American film companies have fallen again, and Hollywood is starting to pay for USA tariffs.

On the 16th Eastern Time, the stock prices of well-known American film companies such as Warner Bros. Discovery, Disney, and Paramount Global, which had been low, plummeted again. Since the Chinese National Film Administration stated it would 'moderately reduce the import quantity of American films', the stock prices of American film companies have continued to decline. What worries the USA film industry is far more than just stock prices; it is the future. Currently, relevant industries in the USA need to understand: 1. The Chinese market is a future that Hollywood cannot find in any other single market globally. For the USA film industry, losing the Chinese market means losing the future. 2. The core profit point of the USA cultural industry relies on intellectual property and brand value. For other industries that depend on American IP and brand premium, losing the Chinese market also means losing the future. (Yu Yuantan Tian)