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Cash and cash flow are critical elements to any successful business to include the business of purchasing tickets to sell them across distribution networks for a profit. Ticket Brokers use a variety of tools and methods to finance operations to include self-funding, credit cards, lines of credit, and outside investors.
Los Angeles-based Contender.com, a new online fan-to-fan ticket marketplace, has launched, with the purpose of helping buyers and sellers find an honest way to buy and sell tickets. The start-up has created a unique way for ticket buyers and sellers to negotiate ticket prices without the worry of hidden or tacked-on fees.
When concerts are sold out minutes after going on sale, primary ticket sellers like Ticketmaster and artists themselves have been quick to point the finger at the secondary ticket market for buying the best tickets and pricing them above face value.
Dave Brooks, long-time journalist and live entertainment industry writer, is launching Amplify, a new media project covering the live entertainment industry.
After attending this year’s Ticket Summit and NATB’s World Ticket Conference, I am inclined to address a question that many brokers posed to me:
“Why is the term ““Point of Sale”” (POS) thrown around so loosely today?”
You can buy almost anything on Groupon. Food, fitness classes, spa services, and Aerosmith tickets?
In a press conference Wednesday, July 23, Manhattan District Attorney Cyrus Vance announced that seven members of an international cybercrime ring have been arrested for their involvement in ticket selling fraud on StubHub (NASDAQ:EBAY). These men laundered more than 1.6 milion dollars after hacking into 1,600 customer accounts.
Over 1,000 StubHub (NASDAQ:EBAY) customer accounts were hacked by cyber thieves, who fraudulently bought tickets on the website with stolen financial information.
Ticket Summit, the foremost tradeshow for the event industry, is about to kick off in Las Vegas on July 16th. Attendees can enjoy the glamour of Las Vegas while attending the conference in the luxurious ARIA Resort and Casino. The first Ticket Summit occurred in 2006 with one goal in mind: Bring the entire event supply chain together.