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Hungary's 'Hollywood on the Danube' faces Trump tariff threat
Hungary's film sector, earning $910 million from foreign productions in 2023, faces uncertainty after suspension of new projects and US tariffs targeting overseas films.
- This year, Hungary's film industry faces a U.S. tariff threat, with concerns over potential tariffs that could curtail foreign projects that spent a record $910 million in 2023.
- Budapest attracts US and international productions with interesting locations, low labour costs and a 30 percent cash rebate programme, boosting diverse projects from blockbusters to arthouse films.
- Prime Minister Viktor Orbán's government suspended new project registrations, and Csaba Kael said the issue was raised with the US, as producer Daniel Kresmery warned earlier this month of potential collapse.
- Local producers said tariffs would harm jobs and revenue, warning the sector’s finances and skills transfer could suffer as foreign productions supply crucial experience to local crews.
- Timothy Havens, University of Iowa professor, said producers will seek workarounds, but experts remain sceptical that tariffs will fix US film industry decline.
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Hungary's 'Hollywood on the Danube' faces Trump tariff threat
A prop axe was brought in as crew members set the scene for a horror movie being filmed in Budapest's former psychiatric institute, one of numerous Hollywood productions under way in the Hungarian capital.
·Missoula, United States
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Total News Sources52
Leaning Left6Leaning Right8Center16Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 20%
C 53%
R 27%
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