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StubHub President and CEO Chris Tsakalakis said to CNBC’s Darren Rovell that he was proud of the way the company handled and overcame the BCS ticket scandal, and that the issue with Ticketmaster’s new dynamic pricing initiative isn’t that tickets are not priced correctly at the beginning, it’s that... Read more
Ticketmaster CEO Nathan Hubbard recently told CNBC that the company’s new dynamic pricing initiative is essentially a “re-imagining” of the “concept of face value” concerning ticket prices, but that fans will not see much of a difference. Hubbard’s comments came during a conversation with Darren Rovell where Hubbard explained... Read more
Live Nation Chairman Irving Azoff and President and CEO Michael Rapino made a combined $38.7 million in compensation from the company in 2010, according to the Wall Street Journal and financial filings with the Securities and Exchange Commission. Rapino received $15.9 million in total compensation, while Azoff received $22.8... Read more
Artists and promoters routinely withhold tickets and resell them through secondary ticket marketplace Web site StubHub.com, even though they do not disclose that fact to the public, according to StubHub communications head Glenn Lehrman. In an interview with Evolver.fm, Lehrman made clear that ticket resellers are not the main... Read more
West Coast college student Jonathan Zairi thought that buying season tickets to the Miami Heat would prove to be a lucrative investment, following the signings of LeBron James and Chris Bosh, and the re-signing of Dwayne Wade. Zairi thought he would be able to resell the tickets and possibly... Read more
The New York Giants will give fans the option of not paying for their season tickets until after the NFL lockout ends, co-owner John Mara announced Wednesday, March 16. According to the Star-Ledger newspaper, the team is currently the only NFL team taking such a stance; the New York... Read more
Minnesota’s legendary concert venue First Avenue, made famous by Prince in the film “Purple Rain,” is switching from its long-time ticketing company Ticketmaster to Etix. According to the Star Tribune, the change will occur next month, and the nightclub’s staff believes the move will lead to significantly lower handling... Read more
The University of Connecticut football team, which played in the January 1 Tostitos Fiesta Bowl, lost more than $1.6 million for playing in the game. The contest, which UConn lost to Oklahoma 48-20, marked the school’s first ever appearance in the Bowl Championship Series. According to the Hartford Courant,... Read more
The 400 fans who were denied their seats at this year’s Super Bowl will be given a second choice of how they would like to be compensated for the ticketing mix up. In addition to refunds of three-times the face value of their tickets for the February 6 game,... Read more
Though he is carrying about $50,000 in credit card debt to finance his ticket purchases, Los Angeles-area ticket broker Michael Abedor remains upbeat about his business, but he faces some tough realities, according to the Los Angeles Times. Abedor started his home-based ticket broker business in 2010 after being... Read more