LOS ANGELES — One of Hollywood's top executives offered praise for President Donald Trump as he rallied behind a proposed federal tax credit aimed to bringing back American jobs in the entertainment industry.Netflix co-CEO Ted Sarandos was asked Wednesday by Bloomberg News' Lucas Shaw what his relationship with Trump is like as the two of them became more acquainted as the streaming giant pursued a buyout of Warner Bros.Discovery, ultimately losing to Paramount."Well...
for everything else you wanna think, he's a guy who really cares about the entertainment business," Sarandos said at the outlet's annual Bloomberg Screentime summit."And he cares about protecting the industry and creating jobs.
And he loves creating jobs in the entertainment business in America."TRUMP CALLS HOLLYWOOD A 'TOTAL DISASTER,' PUSHED FEDERAL TAX INCENTIVE FOR A FILM AFTER MEETING JON VOIGHTNetflix co-CEO Ted Sarandos speaks at Bloomberg Screentime 2026 in Los Angeles, Calif., on Wednesday, Sept.30, 2026.
(Joseph A.Wulfsohn/Fox News Digital)In August, Trump expressed support for the federal tax incentive to keep film and television productions within the U.S.
versus overseas.Over the past several years, countries like the United Kingdom, Australia and Canada have lured major Hollywood projects using tax credits, and the result was that it could become less expensive to shoot a production across the ocean than to film on the backlot of a legacy studio.The proposed bill, formally introduced last week, has bipartisan support with Sen.
Tim Scott, R-S.C.and Sen.
Adam Schiff, D-Calif., co-sponsoring the legislation.TRUMP, SCHIFF FORGE UNLIKELY ALLIANCE AS HOLLYWOOD BLEEDS JOBSPresident Donald Trump When asked whether he believed the bill will become law, Sarandos expressed some skepticism, citing "a couple of wild card things," such as the result of next month's midterms."I think it's a bipartisan approach, which helps a lot.I think it's completely sound, and it has a working model that's...