The legacy of Material Issue as the consummate 1990s power pop band lives on in the International Pop Overthrow festival that plays in Los Angeles, New York City and Chicago each year. The IPO festival (renamed IPO from Poptopia in the late 90s to honor Material Issue) is the largest showcase of power pop music in the United States and brings in power pop bands from all over the world to showcase what is new in the world of power pop music.