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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 ticket brokering websites concerns itself with tickets to live entertainment events whereby the primary officially licensed seller's supply has been exhausted and the event has been declared "sold-out". This "sold-out" status increases the ticket's potential market value. Critics of the industry compare the resale of tickets online to ‘ticket touting’, ‘scalping’ or a variety of other terms for the unofficial sale of tickets directly outside the venue of an event.
The late 1990s and early 2000s saw the emergence of online ticket brokering as a lucrative business. Corporate ticket reselling firm Ticketmaster developed a strong online presence, dominating the online market. But, by 2006 Ticketmaster's stranglehold on the industry loosened with the emergence of other online ticket brokering companies, such as StubHub who won Major League Baseball's ticket resale business over Ticketmaster.[1]
Securities analyst Joe Bonner, who tracks Ticketmaster's parent company New York-based IAC/InterActiveCorp, told USA Today: "You have to look at the secondary market as something that is a real threat to Ticketmaster. They missed the boat. StubHub has been around a few years now already. They weren't as proactive as they probably should have been."[2]
Eric Baker, founder and CEO of Viagogo.com, a European ticket resale website has described the loosening of Ticketmaster's grip on the market as "the equivalent in the ticketing industry of the fall of the Roman Empire".[3]
By 2008 Internet ticket fraud had emerged as global problem, when fake ticket websites defrauded millions of dollars from sports fans by selling Beijing Olympics tickets which they had no intention of delivering.[4][5]
Onlineticketbrokering is the resale of tickets through a web-based ticketbrokering service. Prices on ticketbrokering websites are determined by demand...
the box office. Onlineticketbrokering is the resale of tickets through a web-based ticketbrokering service. Prices on ticketbrokering websites are determined...
September 2019. Better OnlineTickets Sales Act List of United Kingdom Supreme Court cases Onlineticketbrokering "Home Tickets". "New StubHub owner Viagogo...
Ticketmaster Online-CitySearch. In May 2000, Ticketmaster Online-CitySearch acquired TicketWeb Inc., a ticket vendor that sold ticketsonline and over the...
The Better OnlineTicket Sales Act of 2016 (Pub.L. 114-274, S.3183, commonly referred to as the BOTS Act) was signed into federal law by President Barack...
buyer. EUSTA was founded in 2009 by a group of Dutch Onlineticketbrokering companies engaged in Ticket resale in order to provide benchmarks to help legitimize...
TicketNetwork is an online marketplace that provides an outlet for buyers and sellers of tickets to live entertainment events. The company was founded...
TicketCity is a privately held American ticketbroker and online marketplace headquartered in Austin, Texas. Randy Cohen founded TicketCity in March 1990...
personal property used as collateral. The items having been pawned to the broker are themselves called pledges or pawns, or simply the collateral. While...
Coast to Coast Tickets is an American online marketer of event tickets, also known as a ticketbroker, operating in the secondary ticket market. The company...
English State Lottery Ticket 1814 issued by broker Swift & Co. Massachusetts Lottery Ticket 1758 French & Indian Wars 1776 Lottery ticket issued by the Continental...
TicketsNow was an onlineticket retailer. It was founded in 1992 by Mike Domek and headquartered in Woodstock, Illinois. Founded by Mike Domek in 1992...
TicketHurry is an onlineticketing company, serving as an alternative to similar marketplaces such as StubHub and TicketsNow. TicketHurry's listings include...
SeatGeek is a mobile-focused ticket platform that enables users to buy and sell tickets for live sports, concerts, and theater events. SeatGeek allows...
While StubHub initially intended to "build a ticket transaction system that [Fluhr] could sell to other online portals and providers", in 2003, the company...
chartering) as opposed to individual aircraft seats (i.e., purchasing a ticket through a traditional airline). Charter – also called air taxi or ad hoc...
Stage Dive is a British online secondary ticketbroker trading in the UK market and supplying tickets for concert, theatre and sports events. Founded...
the allegations of purchasing most tickets for the shows. Brian Posey, owner of The Ticket Machine, an onlinebroker based in East Lansing, Michigan, commented...
airline consolidator is a wholesaler of airline tickets, sometimes described as a broker. Airlines make tickets available to consolidators at significant discounts...
California, that brokers customer to customer and retail sales through online marketplaces in 190 markets worldwide. Sales occur either via online auctions or...
coordinators, more than $6 million in fraudulent tickets were sold by an illegitimate onlineticketbroker. In spite of the various controversies, International...
and money transfer, the company also provides ticketing services, retail brokerage products and online games. Paytm's parent company One97 Communications...
and 13. Tickets can be bought in advance through international brokers, or through local travel agents in Rio de Janeiro. 'Purchase of a ticket' normally...
lawyer, he has worked in New York City as the CEO of Parking Ticket Busters, a ticket-broker business, as an attorney at Amofah Law Firm and as a one-time...
a prepaid cash-based, online payment method based on vouchers with a 16-digit PIN code. The vouchers can be used to fund online transactions without a...
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