A coalition hopes to build on momentum behind a U.S. tax incentive to restore a version of 'fin-syn' rules
\n\nIt doesn’t mean much to anyone under 45, but for older folks in Hollywood, the term “fin-syn” evokes a golden age of mansions, yacht parties and cutting-edge TV.
\n\nThe FCC’s “financial interest and syndication” rules forced TV networks to buy shows from superproducers like Norman Lear and Grant Tinker rather than making them in-house. And ever since the FCC did away with fin-syn 30 years ago, producers and agents have been longing for its return.
\n\nNow, with momentum building behind a U.S. film incentive, they are hoping the moment is ripe to recreate fin-syn for the streaming era. They argue it would bring a jolt of creativity and a spirit of enterprise to a business stuck in a creative slump.
\n\nThe major agencies — WME, CAA and UTA — announced last week that they are forming a coalition with production companies including Imagine Entertainment and Legendary to push for legislation that would force streamers to buy at least 50% of their original content from independent producers. The legislation would also limit the length of licensing terms, reviving secondary markets that have…
Original source: https://variety.com/v/tv/