California Bill to Cap Concert Ticket Resale Prices Fails
The Hollywood Reporter • • entertainment
Key Points:
- California's AB 1720, a bill to cap concert ticket resale prices at 10% above face value for venues with 3,000 capacity or fewer, failed to pass the Senate appropriations committee.
- The bill, introduced by Assembly member Matt Haney, aimed to combat ticket scalping and had support from industry groups like the National Independent Venue Association and Live Nation.
- StubHub and other ticket resale platforms strongly opposed the bill, with StubHub spending a record $3.4 million on lobbying efforts in California this year.
- Haney pledged to continue working with fans, artists, and venues to find solutions for fair ticket resale practices, highlighting broad support from artists and independent venues nationwide.
- Although California's bill failed, similar ticket resale price cap laws have been enacted in states such as Maine, Vermont, Washington, D.C., and Massachusetts.
