Ticket marketplace Viagogo announces tennis deal, strong Q1 results
Viagogo, the online marketplace where anyone can buy or sell tickets for live events, announced today that it is partnering with the French Tennis Federation to create a special ticket exchange channel for tennis, making it the first secondary ticketing platform to land a deal in France. Reinforcing the good news, the London-based company also reported strong first-quarter earnings and rapid growth.
Viagogo recently hit more than one million ticket listings on its site, with sales… Continue Reading
LiveStub hopes to nuke StubHub, others, with commission-free scalping
Updated
Thanks to the internet, selling tickets on the secondary ticket market — the act formerly known as scalping — has gone legit. EBay bought the market pioneer, StubHub, for $310 million. TicketMaster dropped $265 million to get its hands on TicketsNow, and top-tier VC firm Kleiner Perkins led a $26 million investment in RazorGator back in 2005. All of these companies make money charging sellers a 15 percent commission on the tickets they sell.
However, LiveStub,… Continue Reading
Ticketmaster to buy ticket reseller TicketsNow for $265M
Ticketmaster, the large ticket seller, said it would buy entertainment event ticket reseller TicketsNow for $265 million.
Ticketmaster has long been the monster of ticket sales, but it has been greedy, charging high fees for its service, and now it is facing increasing competition. Even this deal raises new questions for the company.
Announcement is here.
TicketsNow is a Web-based site specializing in music, sports and other live entertainment event tickets. Ticketmaster joins eBay and others in going… Continue Reading
TicketsNow raises $34 million for event tickets onlie
TicketsNow, the Chicago-based online marketplace for reselling event tickets, has raised $34 million from a group of investors.
TicketsNow competes against players like Stubhub.com, RazorGator and TicketLiquidator.com, places where you can buy tickets for events from people who already have bought the tickets — and good ways to get into supposedly sold-out events.
Stubhub showed the potential of the market, when it was bought by eBay for $307 million last month.
Adams Street Partners led the round, which… Continue Reading