California Gov. Gavin Newson signed two bills into law Sept. 26 to ensure that parents and content creators set aside some of the income made by children on social media.
The new laws expand on the state’s Coogan Law, signed in 1938, which requires that 15 percent of all minors’ earnings from the entertainment industry be set aside in a blocked trust account. The money is made available to the children when they turn 18.
The new measures include minors who make money on social media, and set out guidelines for content creators.
“A lot has changed since Hollywood’s early days, but here in California, our laser focus on protecting kids from exploitation remains the same,” Newsom said in a press release. “In old Hollywood, child actors were exploited. In 2024, it’s now child influencers.”…