California Fans First Act would cap how much concert tickets can resell for amid soaring prices

SAN FRANCISCO (KGO) -- A California lawmaker is pushing a caller bill, the California Fans First Act, that aims to curb summons resale terms gouging successful the unrecorded amusement industry, pursuing heightened scrutiny of ticketing practices.

The effort follows a caller tribunal ruling that recovered Live Nation illegally monopolized the ticketing market, an allegation the institution denies.

In response, authorities Assemblymember Matt Haney is seeking enactment for Assembly Bill 1720, which targets summons resale platforms alternatively than superior sellers specified arsenic Ticketmaster oregon amusement venues.

Haney spoke Monday extracurricular San Francisco's Castro Theatre alongside representatives from the National Independent Venue Association of California and section SAG-AFTRA members.

Supporters said resale platforms let tickets primitively purchased from superior sellers oregon venues to beryllium resold aggregate times for acold much than their look value.

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They argued that the further wealth paid by concertgoers does not payment artists oregon venues, but alternatively goes to scalpers and speculators. The measure proposes limiting however overmuch a summons tin beryllium resold for supra its archetypal price.

"This measure volition reconstruct entree to affordable tickets for fans," Haney said. "If you privation to spell to a show, you tin bargain a summons directly, and you should program to really spell to that show if you can't marque it, if thing happens, if plans change, you tin resell your summons for nary much than 10% supra what you wage for it. That's going to guarantee that we person afloat theaters, enactment for the artists, enactment for the venues, and we're going to instrumentality retired of the equation these folks who are gobbling up the tickets, pocketing each the wealth and driving these events retired of the scope of fans who really privation to spot the shows."

Haney said enforcement of the projected instrumentality would autumn to the authorities lawyer wide and would beryllium aimed astatine large-scale, concern summons resellers alternatively than idiosyncratic consumers.

According to Haney's office, Assembly Bill 1720 is scheduled to beryllium heard successful the Assembly Appropriations Committee connected Thursday. Lawmakers volition past find whether the measurement advances to the Assembly floor.

ABC7 Eyewitness News has reached retired to summons reselling platforms SeatGeek, StubHub and Vivid Seats for a effect to the bill.