The Obama administration is putting the Obama legacy on hold.
The President’s Hollywood career is on the ropes.
His movies are floundering.
His films are selling poorly.
The Obama legacy is on life support.
The White House is considering cutting off the President’s $400 million annual contribution to the National Endowment for the Arts.
The Trump Administration will make the same decision, according to people familiar with the situation.
The president is also contemplating the abrupt end of a $150 million contract with a major Hollywood producer.
The Hollywood studios are worried.
In a letter to President Donald Trump, the studios wrote: “The President’s budget plan would be devastating to the arts.
It would cut $400M in annual funding for the National Institutes of Health, the Center for the Study of the Presidency and Related Institutions and would severely damage the cultural diversity of our nation.”
The letter continued, “We understand that the President has made great strides in promoting arts and cultural initiatives, but these steps would be a direct hit to the entire American arts ecosystem, and would result in loss of jobs, loss of federal funding and a loss of the cultural infrastructure that supports the arts and the creative industries of the nation.”
So how will the studios react?
The studio heads are divided on whether the White House will actually do this, and what impact it will have on the arts community.
A White House spokesperson said, “The White House’s budget is being reviewed and will address the President and Congress’s recommendations in the coming weeks.”
The White house spokesperson added that the budget proposal is in the final stages of review and that the Administration will be making further comments on the matter at a later date.
The studios are also divided on the impact of cutting off Obama’s annual contribution.
The Academy of Motion Picture Arts and Sciences has been warning for months that cutting the President off would hurt the arts, but the White Senate has yet to take a position.
The director of the Academy of Music, Dramatic Arts and Theater, Peter Schuyler, told The Hollywood Reporter that he is confident the White Houses budget will “protect and advance” the arts during the budget process.
The decision to cut off Obama funding is a major blow to the White house’s Hollywood outreach efforts, which included the White Palace, the Hollywood Bowl and the White Center for African American Leadership.
The studio execs also believe the WhiteHouse budget is “an unnecessary and dangerous move” because “the President has built his career on the idea that he has been a champion of the arts.”
The Hollywood Bowl was the site of Obama’s first official trip to Los Angeles in 2008, where he introduced a variety of initiatives including the Hollywood Improv.
The administration has also invested millions in the White White House Center for American Women and Girls.
The Oval Office has been the home for a variety to the President, including the White Council on Women and Women’s Health, Women in Business and Women in Entertainment, among others.
This is a breaking news story.
We will update this story as more information becomes available.
Read more about President Donald J. Trump and his administration here.