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MOVIE `TRADE WAR’ IS LOOMING

SHARE MOVIE `TRADE WAR’ IS LOOMING

Europe is trying to chop America's $3 billion film export bonanza, and a movie trade war is a possibility.

The European Community voted recently to impose import quotas on films without "majority content" contributed by Economic Community-member nations.While American films play on TV all over the continent, foreign-made shows account for only 1.5 percent of movies on U.S. television.