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Wall Street Breakfast

Hollywood gets the tariff treatment

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 29 September 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Trump says he’ll impose 100% tariffs on movies made outside U.S. (0:15) EA officially goes private in biggest LBO ever. (1:09) SEC fast-tracking end of quarterly earnings. (2:16)

Show Notes 
BMO embraces S&P 7,000 by year end

Episode transcripts seekingalpha.com/wsb. Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

0:09.7

Good afternoon. Today is Monday, September 29th, and I'm your host, Kim Con. Our top story so far.

0:15.9

In a case of Border Wall at the box office, President Donald Trump says he is imposing 100% tariffs on all movies

0:21.7

made outside of the United States. He posted, our movie-making business has been stolen by other

0:27.1

countries, just like stealing candy from a baby. California, with its weak and incompetent governor,

0:32.1

has been particularly hard hit. Therefore, in order to solve this long-time, never-ending problem,

0:37.1

I will be imposing a 100%

0:38.8

tariff on any and all movies that are made outside of the United States. Trump made a similar

0:43.5

threat in May, though that initiative drew questions over Trump's authority to set such tariffs,

0:47.8

and, more importantly, how they can be implemented. Modern motion pictures are often co-financed

0:52.3

with money from different countries, and it's not simple to control distribution of a product that mostly travels by internet now rather than container ship.

0:59.4

And while production is shifted in many cases to places like Canada and New Zealand for tax reasons,

1:04.4

some films also need to be shot on location, Chris Nolan's Odyssey in Athens, Georgia, anyone.

1:09.6

From films to video games, electronic arts confirmed it is officially going private for $55 billion,

1:15.0

the largest leveraged buyout ever.

1:17.1

The deal from Silver Lake, Saudi Arabia's public investment fund, and affinity partners

1:21.5

will see the trio pay $210 per share in cash for the maker of Madden Football and the Sims.

1:26.8

That's a 25% premium to the

1:28.4

unaffected share price prior to last week's report from the Wall Street Journal. The Saudi

1:32.7

public investment fund will roll over its existing 9.9% stake. The transaction will be funded

1:38.0

with cash from Silver Lake, PIF, and Affinity Partners, which is led by CEO Jared Kushner,

1:43.1

the son-in-law of the president,

...

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