Legislation by Assemblymember Buffy Wicks that would have forced the company to share its inventory with resale sites was watered down after widespread industry pushback.
The open letter supports a bill advocating for ticket sale transparency and consumer protection against bots.
The ticket reseller, founded in 2000, is estimated to be carrying $2 billion in debt.
The proposed legislation would ban practices like speculative ticketing and make platforms responsible for recouping customers who fall victim to scams.
Backed by a bipartisan coalition of senators, the Fans First Act would also strengthen a 2016 law prohibiting the use of automated bots to purchase tickets online.
The STOP Act, which just passed a crucial House committee vote, tackles a range of issues that give ticket buying a bad reputation with both consumers and lawmakers.
For the singer's upcoming Guts tour, her team has created an innovative plan to get cheap tickets into the hands of real fans.
Kobalt Music founder Willard Ahdritz’s Ahdritz Holding LLC, Exor Ventures and Mirabaud Lifestyle Fund also participated in the funding round.
At the NIVA '23 conference in Washington, D.C., live event experts convened to discuss solutions for a flawed system.
After getting behind a ticketing bill similar to an earlier one supported by NIVA, the controversy-plagued touring giant is now trying to downplay its involvement.
