blog trackingweb statistics CAA, WME and UTA Lead Coalition Pushing for Law to Force…

CAA, WME and UTA Lead Coalition Pushing for Law to Force Streamers to Spend Half Their Content Budgets on Indie Productions

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In a rare team-up of big Hollywood talent agencies, CAA, UTA and WME have joined forces as founding members of the American Entertainment Alliance — which among other things wants U.S. legislation to force streaming providers like Netflix, Prime Video, HBO Max and Disney+ to spend at least 50% of their budgets on independent productions.

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Alongside the big three agencies, the other founding members of the coalition include Anonymous Content, Jason Blum’s Blumhouse, Ron Howard and Brian Grazer’s Imagine Entertainment, Jeff Sagansky, Legendary Entertainment, MRC, North Road, Producers United, Propagate Content and Ziffren Brittenham. The AEA was announced in a New York Times story Thursday.

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“As film and television increasingly consolidate, we need a regulatory framework that puts creators first, protects industry workers and preserves competition,” Jay Sures, UTA’s vice chairman and board member, said in a statement.

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On its newly launched website, the American Entertainment Alliance says, “Ending market consolidation in entertainment benefits all Americans — from below-the-line crew members to writers and actors to the viewers at home.” The coalition says U.S. entertainment jobs are “at risk of collapse due to an imbalance of power in the U.S. Film and Television industry.”

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The launch of the coalition comes…

Original source: https://variety.com/v/tv/

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