You're listening to Home with Dean Sharp on demand from KFI AM 640.

KFI AM 640. Bill Handel here, it is a Saturday morning as we continue on with the second hour of our three-hour show.

The number here is 800 5201534. 800 5201534. I know there have

been a couple of phone calls that have been waiting for a while. Joan Rubin, I will get to you,

mainly because there were a lot of other phone calls that were a lot more interesting than yours,

which is why you've been waiting. But I'll get to you. In the meantime, 800 5201 KFI or 1534 is a number, 8005201534.

This is Handel on the Law, Marginal Legal Advice. I don't know if you've ever been to a concert and bought tickets from scalpers because

concerts that are really popular, the tickets can sell out in, oh, I don't know, 30 minutes,

30 seconds.

And that's because these ticket brokers have programs, algorithms that make the phone calls and buy tickets

available instantly. And then they turn around and resell the tickets. And you can pay, I mean,

thousand of dollars more than face value. A Taylor Swift concert. maybe the face value is $400.

People will sell it for $2,000, $3,000.

So there was a bill that was introduced here in California that would cap the resale of concerts

and some live event tickets.

And the assembly member, Matt Haney, Democrat, how unusual, San Francisco,

said for decades, concert tickets were sold at face values to real fans who wanted to see

the artists they love. But today, professional scalpers and bots buy up tickets in seconds and then

resell them at massive markups. So the bill that was introduced, AB 1720, would cap ticket markups at no more than 10% above face value.

Applying to concerts, comedy shows, theatrical productions, not to sporting events.

Ticket buyers often pay more than double, a lot more than double for the original price on secondary markets

and then they can go straight up from there so no more than 10% more which is going to take scalpers out of the business

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