Several major U.S. film companies experienced significant stock declines. Disney (DIS, Financial) and Warner Bros. saw their shares drop by 6.79% and 12.53%, respectively. Comcast ended at $33.68, down 4.26%; Sony at $22.92, down 0.22%; Paramount Global at $10.92, down 1.97%; Netflix at $921.17, down 2.57%; and AMC Entertainment Holdings at $2.92, up 1.04%.
A spokesperson from China's National Film Administration indicated that U.S. tariffs on China might dampen Chinese audiences' interest in American films, leading to a reduction in U.S. film imports. China, the world's second-largest film market, aims to introduce more films from other countries to satisfy market demand.
Disney's "Inside Out 2" was the highest-grossing film worldwide in 2024, earning $1.7 billion, with $653 million from the U.S. and $47.4 million from China. Warner Bros.' "Dune 2" ranked seventh in global box office revenue, totaling $714.6 million, with $282.1 million from the U.S. and $49 million from China.
Industry experts suggest the diversification of film sources and genres may shift attention away from Hollywood, especially as domestic films improve in technology and storytelling, aligning with local audience preferences.
