Pay $4,000 for your Coachella ticket? This California bill may curb scalping

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Coachella is never cheap, much less this year’s sold-out edition with the long-awaited live return of Justin Bieber.But if you’re looking to score a last-minute pass, you likely lost your swag when you saw the resale prices on secondary sites like StubHub.

As of Friday afternoon, you’ll pay between $4,000 and $5,000 for a sold-out weekend one GA pass on StubHub.(Prices are lower for weekend two on Coachella’s official resale site.

Weekend one tickets originally retailed for $649).“That’s insane,” said California Assemblymember Matt Haney (D-San Francisco), who has introduced AB 1720, the California Fans First Act, to combat extortionate ticket re-selling.

Haney’s bill would ban reselling tickets at more than 10% above face value in California.“We’ve allowed live events including Coachella to be dominated by speculators who aren’t fans, but who simply want to profit off these events,” he continued.

“They didn’t contribute to Coachella, they don’t play an instrument.They’re using events as a way to screw over fans and jack up prices.

The result is that people who are Justin Bieber fans pay eight or nine times over the face value of a ticket.”The proposal comes as the U.S.Department of Justice recently announced a settlement with Live Nation in a federal suit that will allow it to keep control of Ticketmaster.

Many states, including California, are looking at options to pursue their own legal action and legislation to fix a ticket market fans have come to see as deeply broken.Hollywood Inc.

A new bill introduced in the state legislature would make it illegal to resell tickets for more than 10% over face value.Coachella, produced by Goldenvoice and AEG, isn’t affiliated with Live Nation or Ticketmaster.But eye-watering secondary market prices are an example of how desirable concerts have become a hot commodity for predatory resellers.“We...