Wednesday, May 1, 2013

What Kind of Property is a Concert Ticket?

The Wall Street Journal writes a property exam question on our behalf:

California lawmakers on Tuesday voted to preserve one of the live-music industry's most divisive technologies: paperless tickets—which can be redeemed only at the venue, only by the purchaser. [...]

The vote came after a hearing that centered on a philosophical debate over the question of ticket "ownership." Live Nation's camp argued that ticket holders don't "own" their seats; tickets are just a license to occupy the space for several hours, which venues can revoke for bad behavior.

But StubHub and its supporters say ticket holders own the rights to their tickets until they walk in the arena door, at which moment the revocable license kicks in. "Until that point they own the rights to the ticket and therefore should be able to sell them," said StubHub spokesman Glenn Lehrman said. "It [was] really a property rights bill."

Steve Clowney

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