By Ross A. Lincoln and Jeremy Fuster

Executives from several of Hollywood’s major studios met Friday by phone with the Motion Picture Association to discuss the foreign film tariff Donald Trump called for earlier this week.

Details about the meeting, organized by MPA CEO Charles Riven, have not been made public. However, an individual with knowledge of the proceedings told TheWrap that it began with discussion of what studio bosses want Trump to know about the current state of play for production, before eventually turned to California’s film and TV tax credit incentives.

By Jeremy Fuster

Sony Pictures has renewed the contract of its film chairman and CEO Tom Rothman, continuing the executive’s tenure at the studio into a second decade. The studio did not specify how long this new contract will be extended, but it is described as a multiyear deal.

Rothman will continue to report to SPE CEO Ravi Ahuja and will oversee Sony’s entire motion picture group, which includes Columbia Pictures, TriStar Pictures, Screen Gems, Sony Pictures Animation, Sony Pictures Imageworks, 3000 Pictures, Sony Pictures International Productions, Stage 6 Films, AFFIRM Films and Sony Pictures Classics.

By Sean Burch

The New York legislature has approved a bill to increase its annual film tax incentive package by 14% to $800 million — a move that comes days after President Trump said he was considering stiff tariffs on foreign films to help save a “dying” movie industry.

Gov. Kathy Hochul signed the bill on Friday. It raises the film subsidy from $700 million, which has been the annual allotment since 2023, and includes $100 million designated specifically for independent flicks. To qualify, indie films cannot have more than half of its financial backing stem from publicly traded entertainment companies.