US tariffs another blow to UK film industry

Commenting on the latest BFI Box Office data, David Blacher, head of media industry at RSM UK said: “The latest announcement from US President Donald Trump of potential 100% tariffs on films made outside the US will be another blow to the already struggling UK film and cinema industry, which is still recovering from the recent Hollywood writer strikes. This comes as the market share of UK independent films fell to 10.7% in Q1 2025 from 13.5% the previous year, while cinema admissions were 2% lower in the same period, as the decline in the UK cinema industry continues..”

“That said, UK box office revenue increased 4% to £231.6m in Q1 2025, on the same period last year, suggesting customers are going to the cinema less often, but willing to pay more for premium, blockbuster films..”

“The industry is still trying to get back on its feet after the 2023 Hollywood writer strikes which halted various productions and had a ripple effect throughout the sector and wider economy, leading to significant financial losses. The prospect of additional costs in the form of tariffs will only be a further setback for the industry at a time when it needs support the most..”

“Cinemas' margins are squeezed, and they are working hard to draw in customers, who are opting to stay at home to stream shows and films as a more cost-effective alternative. The UK film and wider creative industry desperately needs clarity from the government on opportunities for growth, which must be clearly set out in the eagerly anticipated Industrial Strategy, if the sector is able to thrive..”