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Ticketmaster is subject to numerous controversies and lawsuits, alleging violations of various laws. The platform charges a fee on tickets purchased and resold on the platform. The fees from ticket sales can account for a large percentage of overall ticket costs and have received scrutiny from regulators, customers, and musicians.
At the time, StubHub said that 35% of tickets sold on its site came from professional brokers, and the rest came from part-time sellers or individuals. [40] In 2013, StubHub created an application especially for the South by Southwest events in Texas that gave users the opportunity to buy a range of tickets to all of the different shows. [41]
Online ticket brokering is the resale of tickets through a web-based ticket brokering service. Prices on ticket brokering websites are determined by demand, availability, and the ticket reseller. Tickets sold through an online ticket brokering service may or may not be authorized by the official seller.
This means that if you sold tickets for more than $600, your ticket platform would send you a Form 1099-K and report that income to the IRS, even if you didn’t make a profit on your sales.
Tickets for the fight between Mike Tyson and Jake Paul were listed as low as $30 Monday on Seat Geek, the official online broker for Nov. 15 bout. ... 2024 in Los Angeles, California. By contrast ...
The first Super Bowl in Las Vegas is a ticket broker's dream as prices are already averaging five figures for the Feb. 11 matchup between the Kansas City Chiefs and San Francisco 49ers.