California's Ticket Resale Price Cap Gets Killed in Committee

A California bill that would've capped secondary ticket prices at 10% took an L in the state Senate this week—and the fingerprints of major resale platforms are all over it.

The measure hit the floor and got shut down in committee, a major win for the resale industry, which has been spending real money to keep lawmakers from cutting into their profits. StubHub alone dropped $3.4 million on lobbying this year, a clear signal they weren't playing around.

What's Next

It's not a total wipeout though. Another ticket bill, AB 1349, actually advanced past the same hearing and is headed for a full Senate vote. So the fight over how tickets get priced in the secondary market isn't over—just on pause for now.

The real story here is the cash behind the scenes. When a single platform can spend that kind of money to block regulation, it tells you everything about who has power in Sacramento right now. Fans wanting fair prices got outbid by corporate lobbyists. Simple as that.

Read the full story at Music Business Worldwide → https://www.musicbusinessworldwide.com/californias-10-ticket-resale-price-cap-dies-in-senate-committee-as-stubhubs-state-lobbying-spend-hits-3-4m-this-year/