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Noah Kirsch, Forbes In November, Eric Baker’s online ticket marketplace Viagogo purchased rival StubHub for $4 billion. Recommended Reading: He bought StubHub right before the pandemic Skip to ...
In May 2013, StubHub signed a three-year sponsorship deal with Jockey Club Racecourses to trade tickets on three of the racecourses in London; Sandown Park, Epsom Downs and Kempton Park. [108] On June 1, 2013, StubHub acquired naming rights to the home pitch of the Los Angeles Galaxy, which was renamed StubHub Center. [109]
Since StubHub adopted this pricing model in 2015, the company has sold almost 5 million tickets to Washington, DC, consumers alone, generating $118 million in “hidden” fee revenue, according ...
StubHub spokesperson Adam Budelli said Monday that the game being hosted in Columbus, Ohio, on Dec. 21 has sold 34% more tickets than the game in South Bend, Indiana, on Dec. 20.
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."
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 ...
The complaint, filed in Washington, D.C.’s Superior Court, states that StubHub has been using a predatory “drip pricing” model to illegally boost profits. Since employing this method ...
Baker worked for McKinsey & Company for two years, and then Bain Capital, a private equity firm in Boston. [4] [3]Baker co-founded StubHub in 2000, with fellow Stanford classmate Jeff Fluhr, initially as part of a Stanford competition from which they withdrew after being chosen as finalists due to concerns that someone might take their idea.