No Speculating On Cyrus

Arkansas legislators have approved a measure to prohibit event tickets from being sold speculatively on secondary market Internet sites before official onsales.

Aptly dubbed the “Hannah Montana bill,” the measure apparently refers to the pop starlet’s 2007 concert in Little Rock that reportedly holds the record for the fastest sellout at the city’s Alltel Arena.

The legislation hasn’t drawn much press, but it did bring Alltel Arena GM Michael Marion to the state capitol to testify about the ticketing process.

It also drew a spokesman from eBay who, of course, opposed it.

The bill, which will not apply to sporting events, is backed by Ticketmaster and now heads to Gov. Mike Beebe.