Variety reports:
The Motion Picture Association, which represents seven major entertainment studios, congratulated Donald Trump on Wednesday on his victory in the presidential race.
In a statement, the Hollywood trade group also congratulated the incoming Congress, as Republicans took control of the Senate, and said it looks forward to working on issues affecting the industry.
The MPA is hoping to extend provisions of Trump’s 2017 tax law, including the ability to immediately deduct the full cost of film and TV production, rather than spread it out over multiple tax years.
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Motion Picture Association Congratulates Trump, Looks Forward to Working on Hollywood Issues https://t.co/YeZgexO9sY
— Variety (@Variety) November 6, 2024