By Howard Fischer | Arizona Capitol Times
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.
Kelsey Fischer, family law attorney at Rose Law Group, explains in RLGR: “This isn’t about punishing parents or platforms; rather, it’s about putting children first and ensuring children’s best interests are considered. The proposed bill recognizes that monetized family content is still labor and kids deserve the same financial safeguards online that child actors get on set through the Coogan Law in California. The bill further provides provisions that allow young adults to take down videos made of them as children and, therefore, respects something the internet often ignores: Kids grow up.”
