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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 ...
Concert Ticket Junk Fees Must Be Disclosed Upfront, FTC Rules. ... How a New Deal With StubHub Could Boost Nonprofit Theater. ... This popular vitamin C serum is on sale for just $10: '60 is the ...
In late 2019, StubHub disclosed having sold $4.75 billion in tickets in 2018 with $1.1 billion in annual fees, and sold tickets in 44 countries, particularly the United States. [58] On November 25, 2019, the competing service Viagogo —which was founded by Baker and has a major presence in Europe—announced that it would acquire StubHub for ...
The IRS's rules apply to all sales, not just those made on online platforms like StubHub or Ticketmaster. If you sold tickets and exceeded $400 in profits, you're required to report this income on ...
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.
Ticket prices start at $230 on Vivid Seats, $238 on StubHub and $250 on SeatGeek, plus fees, which vary by vendor. And they start at $305 on TickPick and $373 on Ticketmaster , including fees.
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 and elicited $118 million in hidden fees in D.C. alone since 2015 — particularly notable as the District outpaces ...
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