California Ticket Resale Cap Bill Fails to Move Forward
The bill would have capped the resale price of tickets at no more than 10% of their original cost.
California's AB 1720 ticket resale cap bill, introduced by Assemblyman Matt Haney in February, did not move forward in the Senate Appropriations Committee on Thursday, Aug. 13. The legislation aimed to prohibit resale of concert, theater, and comedy tickets at a price higher than face value, plus a 10% fee for shows in California.
Haney stated that the bill would have put power back in the hands of fans, artists, and venues, preventing middlemen from profiting from speculation and artificial scarcity. However, the bill faced strong opposition from secondary ticketing companies like StubHub, which spent $3.4 million against it. StubHub claimed their marketplace provides fans with more choice, flexibility, and access.
The bill's scope was later narrowed to include only venues with a capacity of 3,000 or fewer, making it irrelevant for larger events.
Written by urgent.news from Billboard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
