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Did you sell any concert or event tickets on an online resale site such as StubHub or Ticketmaster in 2023? Many Americans did -- StubHub reports that 83% of ticket sellers for U.S. concerts on ...
Scalpers would purchase tickets in bulk from the promoter hoping that the tickets would sell out causing an increase in demand for tickets and thus an increase in the ticket price. This caused event promoters to put restrictions on the number of tickets that can be purchased in one transaction, which has greatly reduced unfair ticket pricing.
In 2006, StubHub became involved in several disputes over the resale of season sports tickets in New England, involving the New England Patriots and New York Yankees. [16] [17] In the U.S., 38 states had laws allowing the reselling of event tickets as long as the sale did not take place at the event site.
The West Side Stadium plan resurfaced in December 2001, and by January 2002, months after the September 11 attacks, Giuliani announced "tentative agreements" for both the New York Yankees and New York Mets to build new stadiums. He estimated that both stadiums would cost $2 billion, with city and state taxpayers contributing $1.2 billion.
Viagogo was founded in 2006 in London as a secondary ticketing marketplace by Eric Baker, the co-founder of US-based StubHub. [5] [12] With sections established to provide an online marketplace for sports, music, theatre and comedy tickets, the company's launch included official partnerships with Chelsea FC and Manchester United FC, [5] with the sports clubs sharing in the commission revenue ...
If you thought concert ticket resale was insane, welcome to the world of vintage IKEA furniture. ... A set of three is selling on 1st Dibs for just above $4,700, however on other sites, you can ...
As of 2016, ticket resale was Ticketmaster's fastest growing business. [48] In 2022, Ticketmaster was experimenting with a demand-based, dynamic pricing which would vary the ticket price based upon demand. The new system is touted to give artists a higher share of the revenues that would otherwise be coming through resale ticket sales. [49]