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California’s ticketing industry could be undergoing some major changes.

On Thursday, state Assemblymember Matt Haney (D-San Francisco) introduced a new bill, the California Fans First Act, that would impose price caps on tickets sold in the resale market, limiting prices to no more than 10% above the ticket’s face value.

By making it illegal to sell overly expensive tickets, AB 1720 is aimed at making resale tickets more affordable for fans. If the legislation becomes law, it would apply only to shows in California and exclude tickets to sporting events.

AB 1720 was introduced weeks after a similar bill, AB 1349, reached the California Senate. The latter aims to ban speculative ticket sales (tickets that resellers don’t yet possess) in the state. If enacted, the proposed legislation would require sellers to have event tickets in their possession before listing them for sale and would raise the maximum civil penalty for each violation from $2,500 to $10,000.

Both bills aim to better regulate the state’s resale ticketing market.

Over the last several years, high ticket prices have been a recurring complaint among concertgoers. Rising demand for tickets has spurred a secondary resale marketplace for all kinds of high-profile live events, including music tours and sports games, making it harder to get tickets on the primary market.

Ticketmaster and its parent company Live Nation have been at the center of this issue for years, as the major ticketing vendor sells around 80% of tickets through its website. The company is currently facing lawsuits from both the Department of Justice and the Federal Trade Commission, alleging monopolistic practices and illegal ticket vendor practices.

“We’re trying to convince the federal government and state governments to get on the same page of recognizing where the problem is, which is overwhelmingly in the resale industry, and trying to do something about it,” said Dan Wall, Live Nation’s vice president of corporate and regulatory affairs, in a previous interview with The Times.

In a statement, Live Nation said it supports “efforts to protect concert fans and artists” and that the latest bill “targets a core problem in live music: predatory resale sites.”

Similar legislation has been popping up nationwide and around the world — the U.K. recently announced plans to ban the resale of tickets for prices higher than their face value.

A resale cap was successfully passed in Maine last year, with tickets only allowed to be sold at 110% of the ticket’s original price. Other states like New York, Vermont, Washington and Tennessee are also considering ticketing regulations.

Some critics see this surge of ticketing legislation as a way to distract from Ticketmaster/Live Nation’s legal troubles and single out the resale market.

Diana Moss, the director of competition policy at the Progressive Policy Institute, said that by capping resale ticket prices, AB 1720 “puts consumers last, not first.”

“It buys into the false narrative that the secondary market is to blame for all problems in ticketing, deflecting attention from the Live Nation-Ticketmaster monopoly,” said Moss in a statement to The Times. “Caps will decimate resale, the only market with competition, and hand Live Nation even more power to jack up ticket fees.”

The adage that records are made to be broken definitely applies to the TV ratings for the Super Bowl.

For three straight years, the game deciding the champion for the NFL season has set new viewing records, including last year’s Philadelphia Eagles crushing victory over the Kansas City Chiefs 40-22 that scored an average audience of 127.7 million viewers on Fox.

Both the 2024 and 2025 games had the benefit of the pop culture sizzle generated by Chiefs tight end Travis Kelce’s romance with pop superstar Taylor Swift, bringing in more casual fans.

This season, the Chiefs won’t be in the game for the first time in three years as NBC will have the Seattle Seahawks facing off Sunday against the New England Patriots in Super Bowl LX, not the match-up experts predicted for this year.

But that doesn’t mean it can’t set another ratings record.

Kansas City tight end Travis Kelce and Taylor Swift celebrate the Chiefs’ victory over the Buffalo Bills in the AFC Championship on Jan. 26, 2025, in Kansas City, Mo.

(Charlie Riedel / Associated Press)

“I believe it can,” said Lee Berke, president of LHB Sports, Entertainment & Media, noting the lift the NFL ratings have seen this season as viewing information from set-top devices and internet connected televisions in 45 million households are now included in Nielsen’s audience measurement.

“It’s definitely showing up and bumping up ratings throughout the year for the NFL,” Berke said.

A recent report from the Video Advertising Bureau found that the new measurement from Nielsen has boosted ratings for prime time NFL games in the mid-to-high single digit percentages.

Other changes to Nielsen’s measurement in recent years have given the Super Bowl a boost. While surpassing 100 million was once a reasonable goal, the numbers started climbing above that threshold since out-of-home viewing was added in 2021.

History is on the side of a robust audience number this year. The last time the Patriots faced the Seahawks in 2015, the NBC telecast set a viewership record at the time of 114.4 million. Fans watching Sunday can expect to see clips of Malcolm Butler’s interception at the goal line that helped give Tom Brady’s Patriots the win that year.

But NBC doesn’t need a record audience number for the Super Bowl to be a financial success. A robust TV advertising marketplace helped the network sell out the game at a record average of $8 million per 30-second spot, with some going for $10 million.

NBC has also sold spots that will air only on its Peacock streaming platform. The network pulled in the range of $3 million a spot, significantly above the $2 million Fox took in for ads last year when the game was streamed on its Tubi service.

This year NBC was able to use Super Bowl LX to drive ad sales for its coverage of the Winter Olympic Games in Milan that begin Friday and run through Feb. 22, (which is also sold out). The network also has the NBA All-Star Game at the Intuit Dome in Inglewood on Feb. 14, which is why Mike Cavanaugh, co-chief executive of NBCU parent Comcast, recently described February as “the most consequential month in live sports history.”

In 2022, NBC’s combination of both the Winter Olympics and the Super Bowl, accounted for $1.5 billion in revenue according to Comcast’s earnings report, a number the company will likely surpass this year. The company isn’t commenting on revenue but has said it expects to set a record for Super Bowl ad revenue.

Mark Marshall, chairman of global advertising sales and partnerships for NBCUniversal, said 70% of the companies in the Super Bowl are also running commercials in the Olympics.

In previous decades, a Super Bowl commercial was an event in itself with the reveal happening on the telecast. But Marshall noted that, as part of a larger marketing effort, advertising campaigns are now introduced with teasers ahead of the telecast and many get a full preview online.

This year, NBCU was able to offer the Olympics to help marketers connect with more consumers.

“We told advertisers ‘you’re going to spend eight figures (on producing a commercial) — extend the reach of that,” Marshall said.

Technology companies make up the largest share of advertisers. Several AI companies, including Anthropic and Genspark, will be first-time Super Bowl ad buyers. Viewers will also see returning entries from Google, Meta, Wix and Amazon, which will air a spot for its Alexa device.

While there are the usual array of snack food and soft drink companies that will appearin the commercial breaks, viewers will also see a spurt in pharmaceutical ads. Marshall said the category has increased its presence on NFL games. The Super Bowl spots will focus on a message of “wellness,” rather than straight ahead product spots with disclaimers listing unpleasant drug side effects.

Marshall said NBCU does not expect the announced alternative halftime show presented by Turning Point USA to have an impact on the ratings. A concert featuring Kid Rock and lesser known country artists Brantley Gilbert, Lee Brice and Gabby Barrett, will stream on YouTube, X, Rumble and several right-wing TV channels.

The concert promoted by the right-wing group founded by the late Charlie Kirk and now run by his widow Erika is in response to conservatives outraged over the NFL’s selection of Grammy-winning music superstar Bad Bunny, who sings primarily in Spanish, as the halftime act. (President Trump called the decision “terrible” and is skipping the game.)

But the league has not wavered for a moment amid the blowback, as it seeks to expand its global reach by having the most streamed artist in the world on the stage of its marquee event.

The only effective counter-programming gimmick against the Super Bowl halftime show came in 1992. Fox, still an upstart network, ran a live edition of its sketch comedy show “In Living Color” against the halftime of the CBS telecast of Super Bowl XXVI, which featured ice skaters Dorothy Hamill and Brian Boitano.

The pronounced dip in viewership prompted the NFL to sign Michael Jackson as the halftime act in 1993. The game saw a significant ratings boost and the league has booked contemporary music acts for the game ever since.

Tariff turmoil. Threats against Iran. An anti-immigration surge that has taken two innocent lives.

And there’s a sizable slump hitting the stock, bond, precious metals and cryptocurrency markets.

What’s the connection?

The answer is: Not much.

When it comes to Trump policies, investors have come to realize that Trump is often all talk, little action—that’s the underpinning of the “TACO” trade, for “Trump Always Chickens Out,” which I described in May.

As recently as Jan. 20, for example, the Standard & Poor’s 500 index fell by more than 2% in a possible reaction to Trump’s saber-rattling over Greenland and threat to hike tariffs on European countries he felt were thwarting his imperial ambitions.

The next day, the index began a comeback, rising nearly 1.2%. By three sessions later, it had recovered all that first day’s loss. The index went on to set an all-time record on Jan. 27, one week after the Greenland sell-off.

The latest sell-off in the investment markets doesn’t appear to be connected to Trump’s policymaking. The current narrative blames artificial intelligence. There’s an inchoate expectation that AI will have a great economic impact, though little of that has emerged thus far, and no one is very clear on what form it will take or even whether it will happen at all.

Investors and investment analysts don’t really know what to make of AI. From reading the most recent market commentaries, one might conclude that investors are unnerved by the potential of AI to upend industries across the spectrum.

“For two years, we have been talking about how AI is going to change the world,” Michael O’Rourke, chief investment strategist at Jonestrading, told Bloomberg. “In the past two weeks, we have seen signs of it in practice.”

The evidence that most Wall Street pundits cite is the downdraft in technology stocks, including software companies that (according to the narrative) may lose their franchise to AI bots. The tech-heavy Nasdaq composite index has lost a cumulative 5.6% since notching a high on Jan. 28 and has lost 6.2% since its all-time intraday high, reached on Oct. 29.

Yet companies that are seen as winners in the AI derby, such as Google parent Alphabet (down 5.4% this week) and chipmakers AMD (down about 26% since its recent peak in late January) and Nvidia (down 7.5% in the last week), also have been caught in the downdraft.

Leaving the hard numbers aside, conjectures about the effects of AI on individual companies are exactly that — conjectures. The specific trigger of the current downdraft, it’s said, was the release by AI company Anthropic of a tool with which law firms can use the company’s Claude AI bot for tasks including document reviews and research.

Anthropic’s announcement this week sent shares of legal publishing and legal technology companies plummeting. Thomson Reuters, the publisher of Westlaw, was among those most severely hit — down nearly 20% since the announcement.

Yet Anthropic’s real impact on the legal publishing and tech businesses is, at this moment, the subject of sheer speculation. No one can say whether the AI firm will actually dislodge the incumbent providers, several of which already claim to be powering their services with AI.

The sell-off was driven by “a lot of unsophisticated investors just really thinking that AI is going to immediately overnight take away the business of these legacy players,” Ryan O’Leary, a research director at International Data Corp., told Law.com. “A lot of this stuff has been offered for years from the legacy legal technology providers.”

Much of the recent commentary is produced by investment mavens searching for explanations for market moves in recent news nuggets. That’s always a mug’s game. Investors are looking in the wrong place when they try to tie market swings to current events.

(I know whereof I speak, for I used to have the job of conjuring up just such explanations for a market story on a daily basis.)

My favorite investment guru, Barry Ritholtz, author of the 2025 primer “How Not to Invest,” points out that the markets typically give back some portion of their gains after steep run-ups.

“Markets,” Ritholtz wrote, “go up and down; it is easier to ride out a downturn when you realize the giveback is but a small percentage of the recent gains.”

That may be what’s happening now. The Standard & Poor’s 500 index has lost about 43 points this year. But that’s less than two-thirds of a percentage point, and it comes after the index turned in average annual gains of more than 23% from the start of 2023 through the end of last year. The Nasdaq composite has lost about 700 points this year, but that’s about 3% of its value, and it comes after gaining 43.4% in 2023, 28.6% in 2024 and 20.4% in 2025.

This record evokes the classic remark of physicist I.I. Rabi at the 1954 hearing convened to consider stripping J. Robert Oppenheimer of his security clearance because of his opposition to developing the hydrogen bomb. After listing Oppenheimer’s wartime accomplishments, including overseeing the invention of the plutonium bomb, Rabi asked the inquisitors, “What more do you want, mermaids?”

Stocks and bonds aren’t the only investment showing signs of exhaustion after a period of sizable gains. Bitcoin traded as high as $97,916 on Jan. 13; on Thursday it traded at about $63,426. That’s a loss of more than 35% — but then, bitcoin is notoriously volatile.

None of this means that the investment markets’ performance is always driven by animal spirits. Real-world events can have significant and sometimes lasting effects. But those events tend to be intrinsic to business rather than externalities such as White House maneuvers or geopolitics.

Consider what happened to the Dow Jones industrial average on Jan. 27. That day, shares of the giant healthcare company UnitedHealth lost nearly 20% of their value due to as a weak earnings report, along with the Trump administration’s plan to limit rate increases for Medicare Advantage plans, an important component of UnitedHealth’s business, next year. The company’s plunge brought down the Dow by more than 400 points, or 0.8%.

But the Dow comprises only 30 companies, weighted by share prices, so a sharp change in an expensive stock can exert strong pressure on the average. But the rest of the market took the news in stride, with the S&P 500 riding a gain of about 0.4% to an all-time high.

It’s also true that the markets aren’t entirely immune to Trump’s policies. The problem is that investors and market outsiders often take him at his word, when he’s merely throwing out options, and thus overreact. Investors tend to take Trump’s tariff threats as done deals, when in the final analysis he has chickened out.

Expectations that the tariffs would drive inflation much higher, for instance — an eventuality that might actually have a genuine effect on the economy and therefore on market values — haven’t been borne out. But the reason, notes Paul Krugman, is that “effective tariff rates have risen much less than headline rates.”

That’s because some countries and some businesses have negotiated carve-outs from the official rates. Despite Trump’s blustering, more than 87% of the value of exports from Canada and Mexico still enjoy tariff exemptions under the U.S.-Mexico-Canada Agreement of 2018, which Trump, after all, negotiated and signed.

And Trump does have the power to turn his whims into reality, in ways that could have real-world effects on society and the economy.

All that can be said right now is that hasn’t happened yet. But many of his policy pronouncements remain so nebulous and unrealized that if you’re looking for why the stock market has been in a slump, you would be well advised to look elsewhere.

A tech executive who made a fortune developing education software, then waded into the fight against homelessness, is now entering the race for Los Angeles mayor.

Adam Miller, co-founder of Better Angels, a nonprofit focused on preventing homelessness and building affordable housing, filed paperwork on Wednesday to run against Mayor Karen Bass in the June 2 primary election.

Miller, in an interview, said the city is on a downward trajectory and beset with problems — and needs someone with strong leadership skills at City Hall.

“A lot of the issues we face in the city are management problems, and I know how to manage,” he said. “I’ve managed effectively teams that are big and small. I’ve managed teams that are domestic and international. And I’ve managed programs at every stage, so I know how to scale things up and make them operate at scale for a big system.”

The 56-year-old entrepreneur and nonprofit executive is making his move at a moment when the candidate lineup remains unsettled. Even with Saturday’s deadline for filing candidate paperwork fast approaching, some are still undecided on whether to run.

Los Angeles County Supervisor Lindsey Horvath has spent several days hinting that she may jump into the race, while also taking shots at Bass on CNN and elsewhere.

Maryam Zar, who founded the Palisades Recovery Coalition in the wake of the Palisades fire, is also weighing a run. Even real estate developer Rick Caruso, who publicly ruled out a mayoral bid last month, told KNX on Wednesday that he may reconsider.

Former L.A. schools Supt. Austin Beutner, who launched his campaign in October, has been out of the public eye since the death of his 22-year-old daughter on Jan. 6. Reality TV star Spencer Pratt has spent the last several weeks promoting his book “The Guy You Loved to Hate,” and emerged earlier this week to file his candidate paperwork.

Community organizer Rae Huang has been courting the city’s left-leaning voters, appearing with podcaster Hasan Piker in a conversation about housing policy.

Meanwhile, Bass has been using the trappings of her office to promote her work, scheduling two State of the City speeches in a three-month span. The first of those, delivered Monday, sounded in many ways like a campaign stump speech, except longer.

After Miller filed his paperwork, Bass spokesperson Douglas Herman immediately derided him, describing Miller as a “wealthy venture capitalist” who sold software that helped large companies “systematically lay off workers.”

“The last thing Los Angeles needs now is another self-funder who doesn’t understand the crisis of affordability in our city,” Herman said. “Mayor Karen Bass will continue working to solve the biggest problems facing our city with groundbreaking efforts on housing affordability, reductions in street homelessness and public safety stats sitting at 60-year lows.”

Miller pushed back on the mayor’s statement, saying his company’s software was used for training and helping employees build their skills. He said that, although he will provide a loan to his campaign to get things started, he will be raising money like any other campaign.

Miller is the former chief executive of Cornerstone OnDemand, the global training and development company that he built over more than two decades, growing it to more than 3,000 employees. The publicly traded company was sold in 2021 to a private equity firm for $5.2 billion, he said.

The Brentwood resident has been heavily focused on philanthropy, serving as chair of the nonprofit 1P.org, which is a charitable foundation that provides funding to other nonprofit groups.

Miller said he and his wife, Staci, while mapping out their philanthropic work, chose to focus on intractable problems at the local, state, national and global level. Locally, he said, homelessness was the issue they identified as the most intractable.

1P.org has been providing funding to Better Angels, which has been working to build affordable housing while also distributing micro-loans to families facing eviction. In addition, the nonprofit has developed an app to help homeless outreach workers stay connected.

Sara Reyes, executive director of SELAH Neighborhood Homeless Coalition, said its 700 volunteers use Better Angels’ outreach app to maintain relationships with one another and their clients in neighborhoods stretching from Hollywood to Atwater Village.

The app is not integrated with the homeless database maintained by the Los Angeles Homeless Services Authority, a city-county partnership, and would be more effective if it was, Reyes said.

Miller said the city needs help with issues that go well beyond homelessness. For example, he said, city leaders have made L.A. “one of the least developer friendly cities in the country,” hindering the construction of new homes.

“We have a major housing shortage,” he said. “We have an unacceptable number of people who are unhoused. We have affordability issues. I’d say city cleanliness is on the decline. We are not well prepared for disasters, as was clearly seen last year.”

The U.S. Marine Corps says it is planning to award a sole-source contract for a new AGM-114 Hellfire missile-armed mobile counter-drone system to defense contractor V2X. This is the same firm that developed the Tempest, a high-mobility 4×4 vehicle with launchers for radar-guided Longbow Hellfires and optimized for shooting down uncrewed aerial threats. At least two Tempest vehicles are now in active service in Ukraine, where they first emerged unexpectedly earlier this month.

Last week, Marine Corps Systems Command (MARSCORSYSCOM) quietly put out a contracting notice regarding what it is currently referring to as the Denied Area Sprinter-Hellfire (DASH) system.

“The program office within Program Executive Officer, Land Systems (PEO LS) Marine Corps for the Ground Based Air Defense (GBAD) intends to award a hybrid contract (Firm-Fixed Price and Cost Type) on a sole-source basis to V2X … for the Denied Area Sprinter-Hellfire (DASH) system,” according to the notice. “The Marine Corps has a unique and specific need to procure Counter-small Unmanned Aircraft System already at a Technology Readiness Level (TRL)-9 level, to support dismounted Marines.”

“The DASH system fills a critical need to detect, identify, track, and defeat small UAS in a highly mobile, rugged form factor that will help protect Marines,” the notice continues. “The United States Government intends to procure up to 50 systems to include training, initial spares, and reimbursable repairs with an expected delivery date for two systems of no later than 30 May 2026 and delivery of the remaining 48 systems no later than December 2026 to meet an FY27 initial operational capability requirement. This effort is expected to be awarded in Fiscal Year 2026.”

The notice does not provide specific details about the DASH system’s configuration. TWZ has reached out to the U.S. Marine Corps and V2X for more information.

However, the mention of TRL-9 does point to DASH being a Marine Corps version of Tempest or a direct derivative thereof. In U.S. government contracting parlance, TRL-9 refers to systems that are not just fully developed, but that have also proven themselves in operationally relevant conditions.

V2X first unveiled Tempest at the Association of the U.S. Army’s (AUSA) main annual convention in Washington, D.C., last October. The configuration that has been seen to date, including in Ukraine, consists of a pair of launch rails for Hellfire missiles and a small form factor active electronically scanned array (AESA) radar mounted on what looks to be a modified Can-Am Maverick X3 4×4 off-road buggy.

The vehicle also has an array of antennas mounted on the left rear side, which are likely tied to a passive radio frequency (RF) detection system. The system does not have any other readily apparent sensors, such as electro-optical and/or infrared cameras.

The combination of the radar and a passive RF detection system would be enough to enable the vehicle to be able to spot and track drones, and then cue its AGM-114L Longbow Hellfires to intercept them. Unlike the majority of Hellfire variants that are laser-guided, the AGM-114L has a millimeter wave radar seeker. Despite originally being designed to engage targets on land and at sea, the Longbow variant of the Hellfire has been in increasing use in the anti-air role in recent years. This extends beyond ground-based platforms, with the AGM-114L now having demonstrated counter-drone capability when employed in the surface-to-air mode from ships and as an air-to-air weapon launched from crewed and uncrewed aircraft.

At the same time, it is still possible that V2X may have developed a variation on this concept for the Marine Corps that uses a different underlying platform. The fact that the Tempest system can be installed on something as small and lightweight as a modified Can-Am Maverick X3 underscores the potential for it to be ported over to an array of other vehicles. V2X itself has said in the past that it was working on a trailer-based version intended primarily for point defense of static sites. It’s also worth noting here that laser-guided Hellfires can even be employed in a man-portable configuration using tripod launchers on the ground, further speaking to the adaptability of the missile to different launch environments.

For its part, the Marine Corps has already fielded counter-drone systems mounted on 4×4 Polaris MRZR all-terrain vehicles, which it calls Light Marine Air Defense Integrated Systems (LMADIS). A complete LMADIS system consists of one MRZR with small AESA radars, electro-optical cameras, and passive RF detection capability paired with another one of the vehicles carrying an electronic warfare jammer. Marines also train to employ shoulder-fired heat-seeking Stinger surface-to-air missiles, also known as man-portable air defense systems (MANPADS), in conjunction with LMADIS. An early version of LMADIS, lashed to the deck of the Wasp class amphibious assault ship USS Boxer, was used to knock down an Iranian drone as the ship transited the Strait of Hormuz back in 2019.

The Marines also have MADIS systems that utilize the 4×4 Joint Light Tactical Vehicle (JTLV). Like LMADIS, the larger MADIS distributes different sensors and effectors between individual JLTVs, as you can read more about here.

Regardless, V2X’s Tempest or a variation on the system mounted on a different vehicle would give the Marines a new, highly mobile platform for engaging drones and potentially other aerial threats. AGM-114Ls could be used against helicopters and some types of cruise missiles under certain conditions. It might also be possible to engage fixed-wing aircraft, but the range and speed of the Hellfire present significant limitations against that target set.

A platform like the Can-Am Maverick X3 also allows for the employment of ‘shoot and scoot’ tactics. This means the system can pop up suddenly and reposition just as quickly, helping to create unpredictability for opponents and reduce vulnerability to counterattacks. This is a capability that is also beneficial for responding to aerial threats that might emerge unexpectedly. As already noted, Ukrainian authorities say they have been making good use of their Tempest systems to knock down incoming Russian drones.

Footage of a V2X Tempest SAM system in Ukrainian service shooting down Russian drones with AGM-114 Hellfire missiles.

The first confirmed footage of the Hellfire-equipped dune buggy in Ukraine, likely supplied for live combat testing by an unknown nation. pic.twitter.com/1I1NK537Dj

— OSINTtechnical (@Osinttechnical) January 11, 2026

All of this aligns with the Marine Corps vision for future expeditionary and distributed operations, especially in island-hopping scenarios in the context of a high-end fight in the Pacific. The service sees relatively small force packages operating from forward bases spread across broad areas, likely within range of enemy stand-off weapons. These are concepts of operations in which mobile air defense capabilities with low operational and logistical footprints would be advantageous, if not essential, to mission success.

Hellfire-armed air defense systems have historically presented cost benefits, as well. As of 2020, Hellfire had an average cost, across all variants, of more than $200,000, though AGM-114Ls were likely substantially more expensive. As a comparison, the cost of a single Stinger missile has reportedly surged in recent years to as high as $400,000. Past reports have also said that Raytheon’s Coyote Block 2 counter-drone interceptors, which are growing in popularity across the U.S. military, have unit costs in the $100,000 range.

It is important to point out that the AGM-114L is now out of production, according to prime contractor Lockheed Martin. That company has recently been touting potential anti-air applications for the successor to the Hellfire family, the AGM-179A Joint Air-to-Ground Missile (JAGM), which has a dual-mode laser and millimeter wave guidance system.

With the schedule the Marines have laid out for the DASH effort, targeting delivery of the first pair of systems by May, more specific details about the system and its capabilities may now emerge in the coming weeks and months.

Contact the author: joe@twz.com

CBS News has no plans to drop health guru Peter Attia from his contributor role after his emails to convicted pedophile Jeffrey Epstein surfaced last week.

Attia was among the 19 contributors named by CBS News Editor-in-chief Bari Weiss when she addressed staff about her future plans for the network on Jan. 28.

Two days later, Attia showed up in the latest batch of files on Epstein. A Stanford-trained physician who has gained prominence for his expertise in longevity medicine, Attia had a number of email exchanges with Epstein, including a crude discussion about female genitalia.

Another message showed Attia expressing dismay that he could not discuss Epstein’s activities. “You [know] the biggest problem with becoming friends with you? The life you lead is so outrageous, and yet I can’t tell a soul …” Attia wrote.

In 2008, Epstein pleaded guilty to state charges of soliciting prostitution, including from a minor. He was and found dead in his jail cell in 2019, about a month after being arrested on federal sex-trafficking charges

Conduct such as Attia’s association with Epstein would typically be grounds for a network news organization to cut ties with an individual, especially one who is not a full-time employee. Contributors are usually paid by the appearance.

But Weiss is said to be opposed to cutting Attia, according to two people familiar with her thinking. As founder of the digital news site The Free Press and as an opinion writer, Weiss spoke out against so called cancel culture and does not want to be seen as reacting to the Epstein frenzy.

Weiss joined CBS News in October after parent company Paramount acquired The Free Press, which gained a rabid following due to its willingness to criticize the political left. She has been a polarizing figure since taking editorial control of CBS News, making moves that some insiders believe are aimed at pleasing President Trump, such as delaying a “60 Minutes” story on the treatment of undocumented migrants being held in El Salvador.

CBS News has not publicly commented on Attia’s status.

Two companies have dropped Attia since the Epstein files surfaced. AGI, a company that makes powdered supplements, has dropped him as a scientific adviser. He has also stepped away from his role as chief science officer for David, a protein bar maker.

CBS News is pulling a “60 Minutes” profile of Attia that first aired in October. The segment was scheduled to re-air Sunday on a “60 Minutes” episode made up of repeats, which the program typically runs when the Super Bowl telecast is on a rival network.

Insiders say even if CBS News’ ties to Attia are not publicly severed, it’s unlikely he will ever be seen on the air. Health-related segments on TV news typically come with sponsors attached. It’s hard to imagine any advertiser will want their commercials running adjacent to a former Epstein pal.

In a Monday post on X, Attia apologized for his interactions with Epstein. He said he had not been involved in any criminal activity and had never visited Epstein’s island.

“I apologize and regret putting myself in a position where emails, some of them embarrassing, tasteless, and indefensible, are now public, and that is on me,” Attia wrote. “I accept that reality and the humiliation that comes with it.”

Attia wrote the best-selling book “Outlive: The Science and Art of Longevity” and hosts a popular podcast. His company, Early Medical, offers a program that teaches people to live healthier as they age.

After two decades and two stints as Walt Disney Co. boss, Bob Iger finally is hanging up the reins.

Disney this week tapped 54-year-old parks chief Josh D’Amaro to succeed Iger as chief executive. The handoff is set for March 18, at the company’s annual investor meeting, with Iger staying on as a senior advisor and board member until his December retirement.

The changing of the guard atop one of America’s iconic companies marks the end of an era.

History probably will remember Iger as a visionary leader who transformed Disney by reinvigorating its creative engines through a series of blockbuster acquisitions, broadening its international profile and boldly steering into treacherous streaming terrain by launching Disney+ and ESPN+ as audiences drifted from the company’s mainstay TV channels.

Iger, 74, has long been Hollywood’s most respected and inspiring studio chief, known around town simply as “Bob.”

Disney Chairman James Gorman said in an interview that Iger’s nearly 20 years in power is framed by two epochs: “Bob 1” and “Bob 2.”

After becoming CEO in 2005, Iger presided over a period of remarkable growth. Through acquisitions of Pixar Animation, Marvel Entertainment and the “Star Wars” studio, LucasFilm, the company gained blockbuster franchises and popular characters, including Captain Marvel, Baby Yoda and Sheriff Woody from “Toy Story,” to populate movie theaters and theme parks.

“Bob steadied the company and built it out,” Gorman said. “He created an absolute powerhouse.”

Simultaneously, Iger strived to preserve ABC, ESPN and the whimsical charm that spilled from founder Walt Disney’s imagination so many decades ago. Iger has treasured such animated gems as Mickey Mouse, Goofy, Winnie the Pooh, Polynesian princess Moana and more.

“The Iger era has been defined by enormous growth, an unyielding commitment to excellence in creativity and innovation, and exemplary stewardship of this iconic institution,” Gorman said in a statement on behalf of the board, adding: “We extend our deepest gratitude to Bob Iger for his extraordinary leadership and dedication to The Walt Disney Co.”

Former CEO Michael Eisner told The Times that Iger has “succeeded masterfully” at every turn.

“From ABC Sports to ABC Television Network and then at Disney, when we inherited him in the ABC/Capital Cities acquisition, Bob created success upon success,” Eisner said. “It’s why he was picked as the Disney CEO, a role that has been his greatest success … What a record!”

Iger‘s first reign ended when he stepped down as CEO in February 2020, then retired from the company 22 months later.

But that leadership handoff proved disastrous, becoming Iger’s biggest blunder — one he has since worked hard to correct.

Bob Iger passed the CEO torch to Bob Chapek in 2020.

(Business Wire)

Former parks chief Bob Chapek stepped into the big role, but he lacked stature, creative chops and support among key executives. He quickly confronted the magnitude of the COVID-19 pandemic, which shuttered Disney’s revenue machines — theme parks, movie theaters and sporting events that anchor ABC and ESPN.

Wall Street soon soured on multibillion-dollar streaming losses by Disney and traditional entertainment firms that were jumping into streaming to compete with Netflix. The company’s stock fell.

Chapek also stumbled into a political feud with Florida’s Republican Gov. Ron DeSantis, who branded Disney as “woke.” The public tussle tarnished the Burbank company’s clean image and undermined its goal of entertaining the masses, no matter their political stripes.

The board beckoned Iger back in November 2022 to quell a revolt by senior Disney executives and allay concerns among investors.

“When I came back three years ago, I had a tremendous amount that needed fixing,” Iger acknowledged during a Monday earnings call with analysts. “But anyone who runs a company also knows that it can’t just be about fixing. It has to be preparing a company for its future.”

Succession immediately became the board’s top priority with Iger then in his early 70s. But Disney’s executive bench had thinned through a series of high-level departures and the company’s expenditures had gotten out of control.

Iger restructured the company, which led to thousands of layoffs, and gave division executives financial oversight to, in Iger’s words, give them “skin in the game.”

His successor, D’Amaro, last spring recalled bringing a 250-page binder to Iger for review upon the chief’s 2022 return to the Team Disney building in Burbank. The book was stuffed with detailed updates for each component of D’Amaro’s enormous parks and experiences division.

The following day, Iger showed up at D’Amaro’s office, binder in hand.

“He pulled out one page,” D’Amaro recounted during an investor conference last year, adding that Iger said: “we have plenty of room to grow this business. We’ve got land in all of our locations around the world,” D’Amaro said. “We’ve got the stories [and] we’ve got the fans.”

That laid the seeds for Disney’s current $60-billion, 10-year investment program to expand theme parks and resorts, cruise lines and open a new venture in Abu Dhabi, United Arab Emirates. D’Amaro was put in charge of the effort, which is designed to cement Disney’s leading position in leisure entertainment. That mandate has become increasingly important to Disney amid the contraction of linear television and cable programming revenue.

Iger’s second stint as CEO wasn’t nearly as fun as the first.

He was dragged into a bitter proxy fight with two billionaire investors, who challenged his strategy, succession plans and Disney’s 2019 purchase of much of Rupert Murdoch’s 21st Century Fox. The move was controversial, with critics lamenting the $71-billion purchase price. Disney reduced its outlay by selling regional sports networks and other assets, but the deal left the company with significant debt just before COVID-19 hit.

The Fox deal gave Disney rights to hundreds of properties, including “Avatar,” “Deadpool” and “The Simpsons.”

Iger vanquished the proxy challenge, and this week, he again defended the Fox purchase, which gave Disney control of streaming service Hulu, National Geographic channels and FX.

“The deal we did for Fox, in many ways, was ahead of its time,” Iger said on the earnings call, noting the lofty bidding war currently underway for Warner Bros. Discovery.

“We knew that we would need more volume in terms of [intellectual property], and we did that deal,” Iger said, pointing to Disney’s deployment of its franchises beyond the big screen into its money-making theme parks. “When you look at the footprint of the business today, it’s never been more broad or more diverse.”

TD Cowen media analyst Doug Creutz still thinks the Fox deal was a dud, saying in a report: “There were plenty of value-destroying media deals before DIS-FOX, so we disagree with their assertion” despite the multiples being offered for Warner.

From left; James Gorman, chairman of the Walt Disney Co. board of directors; Disney Experiences Chairman Josh D’Amaro; Dana Walden, co-chair of Disney Entertainment; and Bob Iger, chief executive of the Walt Disney Co.

(Walt Disney Co.)

Iger is credited with astutely managing Disney’s image and corporate culture.

He was instrumental in resolving Hollywood’s bitter year of labor strife by negotiating truces with the Writers Guild of America and performers’ union, SAG-AFTRA, in 2023.

He has also sought to distance the company from divisive politics, albeit with limited success.

Disney agreed to pay President Trump $16 million to settle a dispute over inaccurate statements that ABC anchor George Stephanopoulos made a month after Trump was reelected. But free speech advocates howled, accusing Disney of bending to Trump.

In September, Iger led the company out of political quicksand amid an uprising of conservatives, including the chairman of the Federal Communications Commission, a Trump appointee, who were riled by comments by ABC late-night comedian Jimmy Kimmel in the wake of activist Charlie Kirk’s killing.

Iger maintains Disney made the decision to return Kimmel to his late-night perch independent of the political pressure from both sides.

Enormous challenges remain for D’Amaro, the incoming CEO.

He and his team, including Chief Creative Officer Dana Walden, must ensure Disney’s movies and TV shows deliver on the company’s commitment to quality, and that its streaming services — Disney+, Hulu and ESPN — rise above the competition.

In recent years, Disney’svaunted animation studios, including Pixar, have struggled to consistently release hits, though it has found success with sequels. Disney Animation’s “Zootopia 2” is now the highest-grossing U.S. animated film of all time, with worldwide box office revenue of more than $1.7 billion, and the 2024 Pixar film “Inside Out 2” hauled in nearly $1.7 billion globally.

The company also must maintain its pricey sports contracts, including with the NFL, to drive ESPN’s success. This week, Disney and the NFL finalized their deal for the league to take a 10% stake in ESPN.

And, as broadcast TV audiences continue to gray, Disney must evaluate the importance of the ABC network, where Iger got his start more than 50 years ago working behind-the-scenes for $150 a week.

Investors also are looking for D’Amaro to lift Disney’s wobbly stock, which has fallen 9% so far this year.

“The stock price doesn’t fairly reflect what [Iger] has done, but … it will,” Gorman said. “And he should get credit for it.”

In a statement Tuesday, D’Amaro expressed gratitude to Disney’s board “for entrusting me with leading a company that means so much to me and millions around the world.”

“I also want to express my gratitude to Bob Iger for his generous mentorship, his friendship, and the profound impact of his leadership,” D’Amaro said.

Times staff writer Samantha Masunaga contributed to this report.

Netflix Inc. Co-Chief Executive Ted Sarandos pledged to maintain a 45-day theatrical window for Warner Bros. films during a Senate subcommittee hearing Tuesday.

Sarandos also tried to dampen concerns about potential job losses and U.S. production declines related to the companies’ proposed multibillion-dollar deal.

During a two-hour hearing before the Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights, Sarandos told lawmakers the proposed merger would not run afoul of antitrust concerns and would, instead, “strengthen the American entertainment industry.”

About 80% of HBO Max subscribers also have Netflix subscriptions, which he said showed the two services were “complementary.” Netflix also plans to increase its film and television production spending to $26 billion this year, with a majority of that happening in the U.S., he said.

“We are doubling down, even as much of the industry has pulled back,” Sarandos said, according to a written transcript of his opening remarks. “With this deal, we’re going to increase, not reduce, production investments going forward, supported by a stronger combined business and balance sheet.”

Sarandos was joined at the hearing by Warner Bros. Discovery Chief Revenue and Strategy Officer Bruce Campbell.

When asked by Sen. Adam Schiff (D-Calif.) whether senators should expect a “round of layoffs” or consumer price increases as a result of the deal, Campbell said no. He pointed to Netflix’s lack of comparable film and TV studios, or the distribution infrastructure that Warner Bros. has.

“We believe, based on our discussions with them in the negotiation process, that they’re not only going to keep those operations intact, in fact, they’re going to invest in those operations and invest in continued production, including on our lots in Burbank and elsewhere,” Campbell said.

Paramount Chief Executive David Ellison was also invited to appear as a witness, but declined because he did not believe it would be useful or helpful since the company’s bid for Warner had been rejected, Sen. Cory Booker (D-N.J.) said during the hearing. Ellison did, however, meet with him and other senators privately to answer questions, Booker said.

Sarandos also tried to assuage concerns about the deal’s potential effect on theatrical distribution.

“I know I’ve earned some skepticism over there over the years on this because I was talking a lot about Netflix’s business model, which was different from that,” he said. “We didn’t own a theatrical distributor before. We do now, and a great one.”

When asked if the 45-day window would be “self-enforced,” Sarandos agreed, saying that was an industry standard. He did, however, note the general caveat that “routinely, movies that underperform, the window moves a little bit” but is still referred to as a 45-day window.

And in a sign of the growing role politics has played in the perception of the deal, Sarandos tried to sidestep questions from Republican senators about perceived “woke” content on the streaming platform, as well as inquiries from Booker about President Trump’s involvement in the merger. Trump previously said he “would be involved” in his administration’s decision to approve any deal.

The hearing comes just two months after Netflix prevailed in a hotly contested bidding war for Warner Bros. The $72-billion deal would dramatically reshape the Hollywood landscape and give the streamer control over Warner Bros.’ storied Burbank film and TV studios, its lot, HBO and HBO Max.

Netflix also agreed to take on more than $10 billion in Warner Bros. debt, pushing the enterprise value of the transaction to $82.7 billion.

But Paramount has continued to pursue the company, fighting to acquire all of Warner Bros. Discovery, including its cable networks.

The company, led by Ellison, has made a direct appeal to Warner shareholders to tender their shares in support of a Paramount deal. A deadline for that offer was recently extended to Feb. 20.

Paramount has also filed proxy materials to ask Warner shareholders to reject the Netflix deal at an upcoming shareholders meeting.

Making his first major post-arrest television interview Monday on “Jimmy Kimmel Live!,” Don Lemon detailed the moments surrounding his incarceration and his experience as a journalist becoming the center of a news story.

“There’s a lot that I cannot say,” Lemon told Kimmel. “But what I will say is that I’m not a protester. I went there to be a journalist. I went there to chronicle and document and record what was happening … I do think that there is a difference between a protester and a journalist.”

The appearance arrived less than a week after the former CNN anchor — now an independent journalist who hosts a YouTube show — was arrested by federal agents in Los Angeles following his coverage of an anti-ICE protest at a Minnesota church earlier this month. Lemon, 59, was released without bond Friday and is expected to plead not guilty, according to his attorneys.

On Monday’s show, Kimmel began the conversation by asking Lemon how he was feeling: “I don’t know — that’s an honest answer,” Lemon said. “I’m OK. I’m not going to let them steal my joy, but this is very serious. These are federal criminal charges.”

Lemon was arrested — along with three others in attendance at the protest — at the direction of Atty. Gen. Pam Bondi, who said on X that it was in connection to what she described as a “coordinated attack” on the church, located in St. Paul. Lemon is charged with conspiracy to deprive the church congregants of their rights and interfering by force with someone’s First Amendment rights. Lemon has denied participating in the protest at the church — assembled to decry that an Immigration and Customs Enforcement field officer apparently serves as a pastor there — saying he was present in a journalistic capacity.

Playfully acknowledging that he hasn’t been a favorite of President Trump’s since his time on CNN, Lemon said he hadn’t been concerned about his possible arrest — even with a re-post by Trump calling for it — until it gained steam by members of Trump’s cabinet, including Bondi and Todd Blanche, the U.S. deputy attorney general. Lemon said that after retaining a lawyer and volunteering to turn himself in to handle the matter without fanfare, he “never heard back from them.”

“That is customary in a situation like this, that someone would be allowed to turn themselves in,” Lemon said. “People who are who are accused of much worse things than I am accused of doing, they are allowed the courtesy. I mean, Donald Trump was allowed the courtesy to turn himself in …”

Lemon went on to detail the moments leading up to his arrest Thursday, which came after a night of covering a Grammys event for the Black Music Collective and attending a post-party celebration.

“I got back to the hotel, I walked in with my swag bag from the thing … and I pressed the elevator button and all of a sudden I feel myself being jostled, people trying to grab me and put me in handcuffs,” he recounted. “And I said, ‘What are you doing here?’ And they said, ‘We came to arrest you.’ I said, ‘Who are you?’ Then finally they identified themselves. And I said, ‘If you are who you are, then where’s the warrant?’ And they didn’t have a warrant, so they had to wait for the someone from outside, an FBI guy, to come in to show me a warrant on a cell phone … They took me outside FBI guys were out there. It had to be maybe a dozen people, which is a waste, Jimmy, of resources … They want to embarrass you. They want to intimidate you. They want to instill fear.”

He said he hadn’t realized how much attention his arrest had generated until he saw CNN broadcasting the story on a TV monitor where he was being held.

“I could see ‘Former CNN anchor Don Lemon arrested in Los Angeles,’” he said. “I said to the guy, ‘Is that happening a lot?’ He goes, ‘You’ve been on all morning, yeah. And he says, ‘This is a big deal.’”

During the conversation, Kimmel criticized what he felt was a lack of attention to the recent search by FBI agents of the home of a Washington Post reporter who covers the federal government. Lemon, who parted ways with CNN in 2023, attributed it to a fear among the leaders of corporate press enterprises.

“Corporate media has been neutered right now. They are afraid, and that’s the reason I’m so happy with what I do, because I’m closer to the ground,” he said. “This is not time for folly. It’s not time for false equivalence, and putting people on television and on news programs, giving them a platform, who come on just to lie. …. Some things are objectively bad and I think its important in this time to point that out.”

Lemon hitting the late-night circuit intensifies its spotlight as a free-speech battleground. The Trump era has prompted more pointed and passionate takes from most of the major hosts that, in turn, have captured the attention and ire of the president, who has provoked threats against them and their broadcasters.

Last year, CBS announced it was canceling “The Late Show” after a three-decade run — a decision the company attributed to financial reasons and not, as many have speculated, because of host Stephen Colbert’s criticism of a settlement between the Trump administration and Paramount, the parent company of CBS, over a 2024 “60 Minutes” interview with then-Vice President Kamala Harris.

More recently, Kimmel faced a brief suspension last fall over comments regarding the killing of right-wing activist and influencer Charlie Kirk (ABC ultimately reinstated Kimmel following public backlash.) In fact, Lemon referenced that situation prior to his arrest, when a judge dismissed prosectors’ initial charging effort: “This is not a victory lap for me because it’s not over. They’re gonna try again,” Lemon told his followers on his YouTube show after the judge’s ruling. “Go ahead, make me into the new Jimmy Kimmel, if you want.”

Last Friday, addressing a crowd outside the courthouse upon his release, Lemon said, “There is no more important time than right now, this very moment, for a free and independent media that shines a light on the truth and holds those in power accountable. I will not stop now, I will not stop ever.”

A record fiscal quarter for Walt Disney Co.’s theme parks division was dampened slightly by a streaming aquisition and a protracted fight with YouTube, the Burbank media and entertainment giant reported Monday.

Disney recorded overall revenue of about $26 billion in the three-month period that ended Dec. 27, up 5% compared to the previous year. Disney’s income before income taxes totaled nearly $3.7 billion, a 1% jump from the same time period last year. Earnings per share were $1.34 for the quarter, down from $1.40.

Disney Chief Executive Bob Iger said in a statement that he was “pleased” with the company’s start to the fiscal year and nodded at the transition ahead to a new CEO.

“As we continue to manage our company for the future, I am incredibly proud of all that we’ve accomplished over the past three years,” he said.

It was a big quarter for Disney’s experiences division, which includes its theme parks, cruise line and Aulani resort and spa in Hawaii.

The sector reported $10 billion in revenue, aided by a 1% bump in attendance at its domestic theme parks and higher guest spending. The launch of the new Disney Destiny cruise ship in November also helped boost operating income to $3.3 billion, a 6% boost compared to the previous year.

Disney’s box office success with billion-dollar hits like “Zootopia 2” and “Avatar: Fire and Ash” helped propel revenue for its entertainment division by 7% to $11.6 billion. But costs related to its acquisition of a majority stake in FuboTV, as well as higher marketing costs in theatrical distribution and streaming services affected the sector’s operating income, which declined 35% to $1.1 billion.

The dip in operating income from the entertainment sector took a toll on the company’s total segment operating income, which was down 9% to $4.6 billion. That was also partly due to Disney’s contract dispute last fall with YouTube TV, which lasted for nearly 15 days and resulted in a blackout of Disney channels.

The temporary suspension of Disney channels on YouTube TV took a $110 million toll on operating income within Disney’s sports division, which was down 23% to $191 million. Sports revenue for the quarter totaled $4.9 billion, up 1% compared to the previous year.

A year ago, Colorado firefighters Rick Balentine and Tim Cottrell were driving trucks carrying donations from Aspen to Los Angeles for victims of the Eaton and Palisades fires.

As they headed west, they planned to stop in Las Vegas and, while there, made a spontaneous decision to see the Eagles’ residency at the Sphere. Balentine and Cottrell bought resale tickets on StubHub for around $400 each. Cottrell used his credit card and received a confirmation email. But once they arrived to the venue, they weren’t allowed in. The seller failed to send the tickets.

All Cottrell could find was an email that said his tickets had been canceled, moments before the concert was to start. Other than getting their money back, there was no further explanation.

“We knew they were aftermarket tickets,” Balentine said, “but never in a million years did I think that tickets could get canceled.”

“I was very disappointed. There needs to be more protection out there, both for consumers and for artists, so people aren’t getting ripped off all the time.”

The rising demand for tickets has spurred a growing marketplace for all kinds of high-profile live events, including music tours and sports series like the upcoming World Cup. Whenever fans are unable to secure tickets on the primary market, through sellers like Ticketmaster or AXS, many will turn to the secondary market for resale tickets. Those tickets are typically sold through platforms like StubHub, SeatGeek and Vivid Seats. Customers who bought their passes directly from Ticketmaster can also resell them on that platform.

The majority of secondary-market transactions can be easy, leaving both the reseller and the customer satisfied. But with the rise of speculative or fake tickets, like the ones Balentine and Cottrell bought, securing valid tickets from the resale market has become more challenging.

What are speculative tickets?

Speculative tickets are offered by resellers who list concert passes they don’t yet have in their possession, with the intention that they will ultimately acquire the tickets and deliver them to the buyer. According to 2025 data from Live Nation, one in three Americans has fallen victim to a ticketing scam. But under California’s bill, AB 1349, selling speculative tickets could be banned on all resale platforms in the state. On Monday, the bill passed in an assembly vote and is headed to the state Senate for review.

Thousands of fans enjoy Shakira’s performance at SoFi Stadium in August.

(Jason Armond/Los Angeles Times)

Speculative tickets usually pop up as soon as a major artist announces a tour. Most recently, K-pop boy band BTS announced a world tour that includes four stops at SoFi Stadium. Before the general sale began Jan. 24, some sellers on Vivid Seats had already started listing tickets for over $6,000. Listings like these usually create a greater sense of scarcity, which can drive up ticket prices even more.

If enacted, the proposed legislation in California would require sellers to have event tickets in their possession before offering them for sale. The listing must include the location of the seat and specific refund rights. It prohibits a person from using software that automatically purchases more tickets than the specified limit, and it would raise the maximum civil penalty for each violation from $2,500 to $10,000.

The live music industry is a vital part of the state’s economy, contributing over $51 billion to California’s GDP and supporting over 460,000 jobs, according to the database 50 States of Music.

Ticketing fraud tends to affect more than just the consumer. Whenever an unknowing fan shows up to a venue with a fake ticket, it often falls on the venue and its staff to deal with the situation. Stephen Parker, the executive director of the National Independent Venue Association, said that if speculative tickets are banned in California, venues could save up to $50,000 in staffing expenses.

Los Angeles’ SoFi Stadium, where many concerts and ticketed live events are held.

(Icon Sportswire/Icon Sportswire via Getty Images)

“They have to deal with fans who are crying, who are angry, who are upset because they thought they were going to go see their favorite artists that night, and they paid [over the] ticket’s face value only to not get a ticket that works or to not get a ticket at all,” said Parker.

Fighting ticket fraud and reining in a ticketing giant

There are currently dozens of legislative bills throughout the U.S. focused on event ticketing issues. Some states like Maryland, Minnesota and Maine have already passed restrictions on speculative tickets.

The action comes after both the Department of Justice and the Federal Trade Commission sued Ticketmaster and its parent company, Live Nation Entertainment, in 2024 and 2025. The DOJ’s lawsuit suggests breaking up the company, which it accuses of engaging in monopolistic practices. The complaint also alleges the company forces venues into exclusive ticketing contracts and influences artists to use only its services.

Founded in 1976, Ticketmaster has been the industry’s largest ticket distributor since 1995, with around 80% of live concerts sold through the site. The company merged with Live Nation in 2010.

Ticketmaster has also acquired a growing share of the resale market, under the platform Ticketmaster Resale. The site allows consumers to list, sell or find tickets to live events. The business functions similarly to other resale sites, but Ticketmaster does not allow speculative ticket sales on its platform.

The Federal Trade Commission is currently suing the company on accusations that it engaged in illegal ticket vendor practices for its resale business, like misleading artists and consumers with so-called “bait-and-switch pricing,” where advertised prices are lower than the actual total. Following the FTC’s complaint, the ticket seller made changes to its policies.

Additionally, Ticketmaster is no longer allowing users to have multiple accounts, which made it easier to purchase more tickets than the specified limit, and it is shutting down Trade Desk, the controversial software that helps resellers track and price tickets across several marketplaces.

Hundreds enjoy a performance by Banda Los Lagos during Jalisco Fest at the 2025 Santa Fe Springs Swap Meet.

(Genaro Molina/Los Angeles Times)

“The FTC case against us is very frustrating because we think they’re sort of blaming the victim here. We’re the ones that are dealing with millions and millions of bots attacking us every day,” said Dan Wall, Live Nation’s vice president of corporate and regulatory affairs. “We’re trying to convince the federal government and state governments to get on the same page of recognizing where the problem is, which is overwhelmingly in the resale industry, and trying to do something about it.”

“We’re a much more artist and consumer-focused company, and so we don’t engage in the different kinds of business practices that are sketchy and unfair to the fans. We try to be a much more honest, legitimate outlet for getting resale tickets,” said Wall.

Critics find that the surge of anti-speculative ticketing bills around the country is a way for Ticketmaster to divert attention from its own legal troubles and shift attention onto the resale market. Live Nation is a key supporter of the California bill. Diana Moss, the director of competition policy at the Progressive Policy Institute, called AB 1349 “overkill” when it comes to the provisions and restrictions it places on the secondary market.

Fans cheer Sexyy Red at the Rolling Loud concert at Hollywood Park in March.

(Michael Owen Baker/For The Times)

“A lot of these bills in the states are a vehicle to disable the resale markets and hinder how they operate. Resale markets are important to consumers,” said Moss. “If you disable the resale market, then fans have no place to go — but back to Ticketmaster. That’s the whole game, disable the resale markets with legislation and regulation, and then everybody has to go back and deal with Ticketmaster and pay their monopoly ticket fees.”

Provisions in AB 1349 deem a ticket a license. The question of whether a ticket is a right or a license is an ongoing controversy in the ticketing world. Opponents of the bill are fearful that this change would give more power to Live Nation, as they could impose restrictions on how the ticket can be used, such as whether you’re allowed to sell your ticket on other platforms or if you can transfer it at all. Meghan Callahan, from the Empower Fans Coalition, a group that opposes the bill, equates this licensing change to taking a lease out on the ticket.

“Ticketmaster’s goal is to create less competition. This bill imposes restrictions on everybody else but themselves,” said Callahan. “They are trying to use consumer-friendly concepts and sneak in these other provisions to embolden their monopoly.”

Wall at Ticketmaster said that nothing on the consumers’ end would change if this bill were to pass, adding that tickets are already licenses “from the venue for you to come on the property during the time of the show and sit in that seat.”

“Honesty doesn’t favor one person or another. That’s what this [bill] is about,” said Wall.