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StubHub has defended this practice of "all-in" pricing from critics as the industry standard. [72] In 2014, StubHub announced "all-in" pricing, presenting the total price of the ticket to the buyer including the fees, rather than adding the fees to the end. [73]
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 is being sued for alleged deceptive fees and unfair pricing by Washington D.C.'s Attorney General.
Fees vary widely and can total more than 40% of the advertised ticket price, the lawsuit alleges. StubHub, which is based in New York, is one of the world’s largest resale platforms for tickets ...
That makes it “nearly impossible” for buyers to know the true cost of a ticket and compare to find the best price, he said. Fees vary widely and can total more than 40% of the advertised ticket price, the lawsuit alleges. StubHub is one of the world’s largest resale platforms for tickets to sports, concerts, and other live 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).
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 ...
Since employing this method, StubHub has apparently sold 4.9 million tickets … StubHub Sued for Illegally Boosting Profits With Deceptive Pricing and Junk Fees in Washington, D.C. Skip to main ...