** Shares of theater operators fall in premarket trading after President Donald Trump unveils 100% tariff on movies produced outside U.S.
** Cinemark Holdings CNK.N falls 5.6% to $28.59 and AMC Entertainment Holdings AMC.N down 0.4% at $2.67
** IMAX Corp IMAX.N falls 2.3% to $24.30
** American media stocks also tumbled after this announcement
** Barclays says it is not clear who will pay the tariff or how it will be calculated, given that U.S. studios are among the biggest producers of content globally
** Adds, "The immediate impact of this is likely to be that the aggregate production volume of content will fall globally"
** If "movie" is defined only as something in theaters, then studios will in effect be forced to follow Netflix's lead and limit theatrical releases - Barclays
** In Q1 2025, 44.7% of the content available from Amazon Prime Video AMZN.O, Apple TV+ AAPL.O, Disney+ DIS.N, Netflix NFLX.O and Paramount+ PARA.O was produced in the U.S., according to data from Gracenote, a content data business unit of Nielsen
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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