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StubHub instates high transaction fees, which can be more than 15% of the ticket’s sale price. And due to demand, StubHub may not always have popular tickets for less than face value. 2.
In late 2019, StubHub disclosed having sold $4.75 billion in tickets in 2018 with $1.1 billion in annual fees, and sold tickets in 44 countries, particularly the United States. [58] On November 25, 2019, the competing service Viagogo —which was founded by Baker and has a major presence in Europe—announced that it would acquire StubHub for ...
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 ...
Typically, fees added to a ticket's face value have included: [39] [40] [41] Facility charge – Charge added by the venue. Delivery fee – Charges added dependent on the ticket delivery method and credit card processing fees. Service fee – Sum of charges added based on the "agreement with each client (artists)" and the order processing fee ...
Tickets are sorted using the company's DealScore algorithm which finds the combination of best available price and seat location for a particular event. Historically, SeatGeek provided price forecast information in a similar manner to Farecast, an airline ticket aggregation and forecasting site purchased by Microsoft in 2008. [66]
TicketNetwork operates under a model similar to eBay, where tickets are listed on the company's marketplace, but transactions are handled by the individual seller.Buyers are charged a service fee for tickets purchased, plus a delivery fee, depending on the method of delivery, location, and time until the event. [3]
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