** Shares of U.S. media firms fall premarket after President Trump orders 100% tariff on movies produced outside the country to save 'dying' Hollywood
** Among the hardest hit stocks before the bell are Netflix NFLX.O, down 5%, and Warner Bros Discovery WBD.O, off 3%
** Trump on Sun called other countries' incentives to lure filmmakers a national security threat, and said he was authorizing the relevant government agencies, such as the Department of Commerce, to immediately begin the process of imposing the tariff
** It was unclear, however, if the tariffs would apply to movies on streaming services as well as those shown in theaters, as Hollywood executives tried to sort out details
** Walt Disney DIS.N down 2%, Paramount Global PARA.O down 2% and Comcast CMSCA.O dips 0.5% premarket
** Shares of Amazon.com AMZN.O, which recently took creative control of the 'James Bond' franchise, down 1.6%
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.