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Ticket Resellers' Campaign Raises Securities Law and Money Laundering Issues
One of the big issues being debated as fallout from Ticketmaster's problems in trying to service Taylor Swift fans when tour tickets went on sale in November is how to address state live-event ticket sales laws. (See the chart below for a look at legislative activity in 10 states.)
Ticket reseller StubHub recently brought Silicon Valley lobbying tactics to the Georgia Legislature with HB 398 and SB 183 but thankfully didn't put one over on the legislative members. The stated purpose of these Georgia bills is to remove resale restrictions on concert or athletic tickets, and limit the resale to reseller marketplaces like Stub Hub. This would, among other things, effectively prevent artists from taking tickets off manifest for resale through their fan clubs, including at face price.
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