StubHub is reportedly spending millions to try to stop a California bill that would cap how much concert tickets can be resold for. The proposal, known as the California Fans First Act, would limit resale prices to no more than 10% above the original ticket price.
Both outlets describe StubHub’s effort as part of a broader push to influence the legislation. The Hollywood Reporter adds financial context, saying StubHub’s quarterly spending on the campaign is larger than the amounts attributed to several major companies, including Chevron, Verizon, AT&T, and OpenAI. NME frames the same issue as an attempt to block the bill, emphasizing the 10% markup cap.
While the sources agree on the bill’s core terms and that StubHub is backing efforts to oppose it, they differ mainly in emphasis: NME focuses on the existence and purpose of the bid, while The Hollywood Reporter highlights the reported scale of the spending compared with other firms.
