For the first time in its six-year history, TicketNetwork’s ticket inventory has surpassed the $1 billion mark, and approaches a total of almost $1.3 billion, the company announced today.
The company’s ticket exchange software product is used by thousands of brokers around the world who buy and sell tickets in real-time via TicketNetwork’s brokers, partners, customers and subsidiaries.
“TicketNetwork.com’s ability to offer the most extensive selection of tickets to sporting events, concerts and theater makes us the vendor of choice among brokers and consumers who have high expectations about which Web site they choose to make their ticket purchases and sales,” Don Vaccaro, CEO of TicketNetwork, said in a statement. “A billion dollars in tickets solidifies our industry position as the backbone of the secondary ticket market. The guarantees we promise, supplemented by the accuracy and speed of our software to make successful transactions is critical to exceeding the needs of today’s ticket buyers and sellers.”
As of this month, theater tickets dominate the list of inventory, accounting for more than $475 million worth of tickets. Sports tickets follows, representing more than $314.7 million worth of tickets; those two segments alone represent approximately two-thirds of TicketNetwork’s inventory, or close to $800 million. Concerts and other live events make up the remaining $400 million-plus, as indicated in the list below:
TicketNetwork.com Ticket Inventory Snapshot:
$314,742,720 – Sports
$141,258,549 – Concerts
$475,089,948 – Theatre
$314,102,121 – Other Ticket Categories
In addition to a comprehensive inventory of tickets, TicketNetwork also owns TicketLiquidator.com, TicketNetwork Direct, TicketNews, Ticket Summit 2009 and TicketNetwork point-of-sale solutions.
Last Updated on September 17, 2008 by By Alfred Branch Jr.