In a major blow to consumer protection advocates and independent venues, California’s bid to cap ticket resale markups at 10% above face value has officially died in committee, as reported by MBW.
The legislation, known as Assembly Bill 1720 (or the California Fans First Act), was quietly shelved by the California Senate Appropriations Committee on its suspense file on Thursday, August 13. This decision effectively kills the bill for the remainder of the two-year legislative session. As a result, it deals a massive victory to secondary ticketing giants like StubHub, SeatGeek, and Vivid Seats.
The bill’s quiet demise comes…
