What’s next in the lucrative world of parent influencers? Earnings for the kids.

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 77 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A new state law is the first amid a wave of interest in protecting children in the billion-dollar influencing industry.

, a father who gained a following for pranking his children urged his son to slap his daughter, leaving the girl crying.

Nallamothu couldn’t forget what she saw, and when she was 16, she drafted a bill to protect child influencers for her independent study project in high school. At the end of the semester, her teacher urged her to contact legislators. “I didn’t think anyone would respond to me,” Nallomathu said, “[but] I decided to just see what happened.”Someone did respond: Illinois state Sen. Dave Koehler , who would go on to introduce the legislation.

a percentage of gross earnings into a trust. The law is the first of its kind to provide legal protection for children who are featured in monetized online content, like YouTube videos or sponsored Instagram posts. Before the legislation — and still in the 49 states that don’t have any like it — children were not entitled to any of the money they helped earn.

Koehler said in an interview that before reading Nallomathu’s letter, he didn’t know about the privacy issues of children whose lives are monetized online, but he quickly familiarized himself and became intent on drafting legislation.The bill was passed unanimously through the Illinois Senate and signed into law Aug. 11.

How the legislation will play out is yet to be seen, but the law provides a legal avenue for children of influencers to recoup profits from their efforts. And the profits are astounding — momfluencing itself is a billion-dollar corner of the influencing industry, said Sara Petersen,“You can sell almost anything under the sun by tying it to motherhood or parenting,” she said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 News: Focus on software earnings this weekThe S&P 500 experienced its best performance last week since the second full week of June in percentage terms. The index of the 500 largest US public
Source: FXStreetNews - 🏆 14. / 72 Read more »

Brady Corp. stock rises after earnings and outlook beat expectationsBrady Corp. stock was up 6.3% in premarket trades Tuesday after the Milwaukee-based industrial company’s adjusted fourth-quarter earnings of $1.04 a share...
Source: MarketWatch - 🏆 3. / 97 Read more »

Warner Bros. Discovery Says Ongoing Strikes Will Mean $300M-$500M Hit to 2023 Earnings'The company now expects to exceed $1.7 billion in free cash flow for the third quarter of 2023, in part due to the strong performance of 'Barbie' as well as incremental impact from strike-related factors,' the entertainment giant says in a regulatory filing.
Source: THR - 🏆 411. / 53 Read more »

Warner Bros. Discovery Expects Earnings Hit Of Up To $500 Million From Strikes This YearThe financial impact of ongoing actors and writers strikes as a number on it now as Warner Bros. Discovery said today it’s looking at a hit of $300 million to $500 million in adjusted EBTITDA (earn…
Source: DEADLINE - 🏆 109. / 63 Read more »

Warner Bros Discovery expects earnings hit of up to $500 million as strikes drag onWarner Bros. Discovery cut profit expectations as the writers' and actors' strikes drag on, keeping production halted.
Source: CNBC - 🏆 12. / 72 Read more »

Warner Bros. Discovery Sees Earnings Hit From Strikes Of Up To $500 Million This YearThe financial impact of ongoing actors and writers strikes has a number on it now, or one at least, as Warner Bros. Discovery said today it’s looking at a hit of $300 million to $500 million in adj…
Source: DEADLINE - 🏆 109. / 63 Read more »