New California bill targets ticket resale scheme inflating concert and live event prices

SACRAMENTO — AB 1720, the California Fans First Act, was introduced on Feb. 5 to cap the resale price of concert and live event tickets at no more than 10% above face value, to curb price gouging by ticket brokers and resale platforms and ensure live music remains accessible to fans. The bill was introduced by Matt Haney (D-San Francisco.)“For decades, concert tickets were sold at face value to real fans who wanted to see the artists they loved,” said Haney, who chairs the Committee on Downtown Recovery. “But today, professional scalpers and bots buy up tickets in seconds and resell them at massive markups. This bill puts an end to that system and puts the concert experience back where it belongs: with fans and artists.”While ticketing has moved online, the fundamental pr
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