Lorenzo de Maio of De Maio Entertainment doubts whether a US federal tax cut for film production poses a threat to the European market. This debate took place during the Creative Investors' Conference at the San Sebastián Film Festival. The panel was titled "Europe's Current Challenges and Opportunities." Producers also discussed the growing influx of American private equity into the European film sector. The general sentiment among European producers is confident: they view the US as a laggard rather than a competitor that could undermine their position.