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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 ...
As of 2016, ticket resale was Ticketmaster's fastest growing business. [47] 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. [48]
Revenue. $1.5 billion. Number of employees. 500 (2018) [ 3] Website. www .vividseats .com. Vivid Seats Inc. (stylized as vıvıdseats) is an American ticket exchange and resale company. [ 4] The company went public on October 19, 2021, after a merger earlier in that year with Horizon Acquisition Corporation, a SPAC.
Ticket resale is common in both sporting and musical events . Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term scalper was applied to railroad ticket ...
If you’re desperate to see a popular artist whose concert tickets are sure to instantly sell out, you may be tricked into buying tickets from an online marketplace before they officially go on sale.
TicketNetwork. TicketNetwork is an online marketplace that provides an outlet for buyers and sellers of tickets to live entertainment events. The company was founded in 2002 by ticket broker Don Vaccaro and software developer Doug Kruse. [1] It operates several retail sites and partners with large name brand travel and media companies.
Ticketmaster still has 170,000 Taylor Swift Eras Tour tickets after its canceled general sale for the tour. Here's how it plans to handle selling them. Ticketmaster still has 170,000 Taylor Swift ...
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. Generally, the majority of trading on ...