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Ab 1720

All articles tagged with #ab 1720

business13 days ago•22 min saved

StubHub's California Lobbying Hits All-Time High Amid Ticket-Price Cap Fight

StubHub spent a record $2.6 million on lobbying in California from April to June to oppose AB 1720, a bill seeking to cap resale prices at 10% above original ticket prices. The push makes StubHub the state’s second-largest lobbying spender that quarter, behind PG&E, with support from artist groups and Live Nation, while brokers push back due to impacts on revenue. The bill was amended to target smaller venues, limiting broad applicability to major tours.

via The Hollywood Reporter|

#ab-1720 #business #california

politics6 months ago•18 min saved

California Moves to Limit Resale Ticket Markups to 10%

California Assemblyman Matt Haney introduced AB 1720, the California Fans First Act, to cap resale concert tickets at no more than 10% over face value (excluding sports), aiming to curb bots and brokers and keep tickets affordable; the bill is backed by NIVA CA and Music Artists Coalition and would complement AB 1349 addressing speculative ticketing and deceptive resale sites. Maine has already enacted a similar cap, and other states are pursuing similar measures, signaling a broader push to reform the resale market.

via Billboard|

#ab-1720 #california #live-music