Internet auction giant eBay is one of the nation’s largest exchanges for event tickets, and in early 2007 the company bought StubHub for $307 million.
eBay helped to create the modern model of online ticket exchanges because it allows fans and brokers to quickly list event ticket inventory for resale in a single destination.
The company was sued by Ticketmaster in 2007 for contract infringement for allegedly violating contracts Ticketmaster had with several arenas. The lawsuit centered on the Lynyrd Skynyrd/Hank Williams Jr. “Rowdy Frynds Tour” of the same year, because StubHub had been named the official premium ticket vendor for the tour. Ticketmaster said that violated its ticketing contracts with several of the venues the tour was going to visit. The two sides settled the case in late 2008 under undisclosed terms.
eBay and StubHub were also sued by the City of Chicago in 2008 for allegedly not collecting the city’s 8 percent Amusement Tax on event tickets. The companies do not believe it should be held responsible for collecting the tax of individual resellers.
The company unofficially teamed up with TicketNetwork in 2009 to not allow people to resell President Obama Inauguration tickets, which had been distributed free.
Marketplace giant eBay was hit with a major fine and other infringement notices by trading regulators in Australia, according to multiple reports. The company ran afoul of regulators over regulations capping the asking price for tickets being resold in New South Wales, with NSW Fair Trading reportedly finding multiple... Read more
A press release credited to Viagogo published Thursday evening announced the Swiss-based resale marketplace had completed its acquisition of StubHub, officially reuniting CEO Eric Baker with the California-based resale giant he co-founded while in graduate school. “These two complimentary marketplaces will sell hundreds of thousands of tickets daily across... Read more
StubHub has laid off more than 100 employees, according to multiple sources. The employees are based in California, where the eBay-owned secondary ticketmarketplace has its headquarters. BizJournals.com, which first reported the layoffs on Tuesday, indicated the number of impacted employees at 102, primarily in San Jose. A report by... Read more
A California judge has ruled against a motion to dismiss a lawsuit filed against StubHub over alleged “drip pricing” practices – showing an artificially low price to the consumer, only to disclose fees at the last minute – meaning the eBay (NASDAQ: EBAY) subsidiary and ticket resale giant will... Read more
After failing to meet eBay’s earning expectations, StubHub has gone through a serious round of layoffs, letting go of approximately 100 of their 700 employees, according to TechCrunch. Due to changes in the secondary ticket market, the increasing popularity of electronic tickets, and competitors like TicketNetwork and Ticketmaster Plus,... Read more
The dominance of ticketing giant Ticketmaster was dealt a blow on Monday, November 12, 2012, with the official announcement that AEG and eBay, the owner of secondary ticketing titan StubHub, will be teaming up to sell tickets to AEG’s more than 100 worldwide venues. One of the world’s premiere... Read more
PRESS RELEASE: “RocketPoster Hits 500,00 Active eBay Listings” SADDLE BROOK, N.J., Aug. 10, 2012 — Ticket Utils, creators of RocketPoster, the widely used eBay ticket broker ecommerce solution and the leading provider of ticket broker software, today announced that active eBay ticket listings powered by RocketPoster have surpassed 500,000.... Read more
Unlike rival Live Nation, which last week threw cold water on investors’ hopes for the rest of 2010, ticket marketplace giant StubHub is projecting revenue growth for 2010, despite a drop in ticket prices. The company, bought by online auctions giant eBay in 2007 for more than $300 million,... Read more
No stranger to helping causes in and around his native Gulf Coast, it was no surprise when Jimmy Buffett stepped forward with plans for a July 1 concert to benefit the region impacted by the ongoing BP oil spill. It was also no surprise that free tickets for the... Read more
In a separate but similar action to its lawsuit against eBay subsidiary StubHub, the City of Chicago has again found itself on the wrong end of a legal case involving the collection of its amusement tax on ticket sales. U.S. District Court Judge Blanche M. Manning last week dismissed... Read more