Hollywood productions will be upended by a deregulation tornado.
Trump’s 6 November election victory has sparked speculation: will the billionaire’s first term’s measures and legislative decisions be replicated or will their extremist nature be accentuated? The film industry is open to new political orientations. How will this affect it? Currently, some large companies are speaking out.
Distortion of generations. Warner Bros. Discovery CEO David Zaslav was the first to do so. Due to its long history of damage control and economic hardships, Warner Bros. Discovery may be most affected by government decisions. Zaslav told The Hollywood Reporter that “generational disruption”—a period before and after this Trump mandate—is coming.
Change whatever. Zaslav says this disruption could allow “a change of pace and an opportunity for consolidation” or “provide the industry with a positive and accelerated impact.” Without details, we seem to be discussing rapid and radical change. Executives like Perry Sook, CEO of Nexstar, the largest US television network owner, and Chris Ripley, CEO of Sinclair, have expressed the same sentiment. He said “a cloud is lifting over the sector, and we believe a mu
More business freedom. There is a growing belief that Biden’s antitrust laws will be repealed and corporate mergers and acquisitions liberalized. Following a few years of paralysis, the giants born from the merger of Warner and Discovery, Disney’s purchase of Fox, Marvel, Pixar, and Lucasfilm, or Google’s purchase of YouTube can be revived. Lina Khan and Jonathan Kanter, heads of the Department of Justice antitrust office, prevented almost fifty mergers in 2022. People say their jobs and the regulations they applied are in danger.
Chaos looms. Others call this scenario “chaotic”, including Sony CEO Tony Vinciquerra, who told the Hollywood Reporter. He predicts “mergers, bankruptcies, sales and all kinds of fun stuff” for several years. In miscalculated mergers, only the largest companies will survive, says Vinciquerra. Another expert: Simpson Thacher & Bartlett’s Alan Klein, who advised Elon Musk’s Twitter acquisition and Microsoft’s Activision acquisition, calls the Trump situation a “perfect storm” due to factors like falling interest rates.
And censorship. Hollywood’s creative side, often aligned with Trump’s political rivals, is also uncertain. According to The Wrap, some creatives fear censorship, persecution, and self-censorship will increase due to Trump’s social views. Emmy-winning documentary filmmaker who requested anonymity said “Social issues documentaries will become true crime, action, or celebrity biopics. Life-changing discussions will become less serious, toxic, and divisive. Stories may go untold.”
Trump’s new term hasn’t started, but changes are being made. The statements we are receiving indicate that they want to change things. It is too early to tell if these are vague threats or if there will be great pressure, but the warning is clear.
JD Vance conditions NATO support. The next US vice president stated in an interview that the US should ask NATO to respect American values and freedom of expression if they require continued support and participation in the military alliance.
These words relate to Musk and the European X regulation. “We shouldn’t support a military alliance that doesn’t support free speech. I think both are possible. However, American power has limitations. Vance says respect for free speech, especially among European allies, is one.
Europe and Musk are fighting harder. Musk attacked former European Internal Market Commissioner Thierry Breton last summer, saying “we look forward to a public battle in the courts, so that the people of Europe can know the truth.”
He added, “The European Commission offered X an illegal secret deal: if we quietly censored speech without telling anyone, we wouldn’t get fined. The other platforms accepted. X didn’t.” A deal Breton claimed was legal and targeted social media content moderation under the Digital Services Act (DSA).
Vance’s statements aid Musk’s dialectical war against the European Commission.
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