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CheapTickets was founded in 1986 in Honolulu, Hawaii, by Michael and Sandra Hartley when inter-island carrier Mid Pacific Air gave 3,000 tickets to Hartley's employer at the time, advertising firm Regency Media, as payment for its services at the time Regency closed its Honolulu branch.
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.
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.
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.
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SeatGeek is a mobile-focused ticket platform that enables users to buy and sell tickets for live sports, concerts, and theater events. SeatGeek allows both mobile app and desktop users to browse events, view interactive color-coded seatmaps, complete purchases, and receive electronic or print tickets.
In the U.S., standard business brokerage fees for the sale of a business or asset selling for under $10 million are usually 10% to a specific target price, and then 12% thereafter. This success fee is usually subject to a minimum fee payment of $50,000, and clients usually pay an initial research and preparation fee of 1% of revenue.
Ticketmaster was founded in Phoenix, Arizona in 1976 [5] by college staffers Peter Gadwa and Albert Leffler, Gordon Gunn III, as well as businessman Jerry Nelson. [6] [7] The company originally licensed computer programs and sold hardware for ticketing systems.