By Howard Fischer | Capitol Media Services
Key Points:
- Arizona law may require parents to set aside YouTube earnings for their kids
- Under the proposed law, half of the revenue generated must be put into special trust accounts
- Law would also allow children to request videos be removed from public platforms at age 18
Parents who make money from their kids through YouTube videos may soon be required by Arizona law to set aside some of that money for their kids.
Without dissent, the House Commerce Committee approved legislation on Jan. 27 to require that half of the revenues generated by young digital creators be placed in special trust accounts, off-limits to their parents. And the children can access those dollars upon turning 18.
And it even permits those at least 13 years old who produce their own videos and have set up their own revenue stream to keep all the money for themselves.
Rep. Julie Willoughby said the legislation is designed to address the fact that online videos by “influencers” have spread rapidly. This includes not just those who are compensated by platforms like YouTube based on the number of “clicks” but also arrangements with third parties that pay when their products are featured.
