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Did you sell any concert or event tickets on an online resale site such as StubHub or Ticketmaster in 2023? Many Americans did -- StubHub reports that 83% of ticket sellers for U.S. concerts on ...
Prices on resale ticket site StubHub start at $288 in the upper level for one ticket, before fees. StubHub on Friday said the average ticket price for this game was $496, a 5.7% increase since ...
StubHub was active in the US, Canada, the UK, Mexico, and Germany by 2016, and was the world's largest ticket resale platform. [50] In 2016 overall, StubHub had revenues of $940 million. [ 51 ] In June 2016, the Competition and Markets Authority (CMA) launched a compliance review of the four main secondary ticketing platform websites in the UK ...
Ticket resale is common in both sporting and musical 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).
Tickets were also available via resale sites StubHub and Seat Geek, starting between $1,618 and $1,946 apiece. On TickPick, where prices include fees, the cheapest single ticket for Night 1 is $2,183.
Vivid Seats is a middleman between ticket buyers and sellers, taking a 10% commission once tickets have sold [16] and additionally charging buyers service fees (circa 20–40% [17]) and shipping charges.
Ticket fees were also part of a sweeping antitrust lawsuit the Justice Department filed against Ticketmaster and its parent company in May. StubHub used to advertise the “all-in” cost of a ticket about a decade ago, but changed after finding that people are more likely to buy tickets at higher prices with the “drip pricing” model, he said.
The attorney general for Washington, D.C., sued StubHub on Wednesday, accusing the ticket resale platform of advertising deceptively low prices and then ramping up prices with extra fees. The ...
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