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New York State's Latest Ticket Sales Reforms
New York is one of the most ticket-broker friendly states in the United States, with national impact in the live events industry. The state has long regulated the sale of tickets to places of entertainment in the state through Article 25 of the New York Arts and Cultural Affairs Law (ACAL). This past summer, Gov. Andrew Cuomo signed Senate Bill 8501-B, which amends and extends the current provisions of ACAL Article 25 until June 30, 2021.
The majority of these recent amendments become effective on Dec. 28, 2018. Many of these reforms appear to be in direct response to concerns expressed in 2016 by the New York Attorney General (NYAG), yet the changes do not appear to be as sweeping as the NYAG had sought. Nor do they address any of the ACAL's anti-resale restrictions.
For years, the ACAL restricted the resale market, going so far as to cap the price of resold tickets at $2 above face value. In 2007, with the Internet popularizing ticket resale and bringing it out of the shadows so to speak, New York substantially amended the ACAL in order to facilitate a more expansive resale market — including removal of the $2 resale price cap, 2007 N.Y. Laws 2738.
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