CAA, UTA and WME join coalition seeking law to make streamers spend at least half their content budgets on indie productions

Variety reports CAA, UTA and WME are founding members of the American Entertainment Alliance, which seeks U.S. legislation requiring streamers to allocate at least half their content budgets to productions from U.S. independent studios or producers. The coalition also wants licensing and syndication rights to revert to production companies after a few years. The Streaming Innovation Alliance opposes the proposed spending mandate, arguing it would dampen production and discourage creative risk-taking.