StubHub is the largest secondary ticket company, and the second-largest overall ticket seller, according to TicketNews’s exclusive industry rankings. The company bills itself as the “world’s largest ticket marketplace,” where fans can buy and sell tickets sports, concert, theater and other live entertainment events.
The company’s customer base is vast, comprising tens of thousands of consumers and brokers. StubHub was launched in 2000, and while it didn’t invent the secondary ticket market, it has gone a long way to legitimize it. In 2007, the company was bought for $310 million by online auctions giant eBay (NASDAQ: EBAY), which already had its own secondary ticket marketplace.
Part of where StubHub succeeded most was by creating a “safe, convenient, and highly reliable environment” for buying and selling tickets, and the company used its strong reputation to secure a massive deal in 2007 with Major League Baseball to be the league’s official secondary ticket company. Every team, except the Boston Red Sox, uses the StubHub system.
On the legal front, the company has fought against Ticketmaster and the New England Patriots, both of which filed unrelated lawsuits against the company over ticket resale matters.
The company has formed partnerships with other major sports and entertainment entities, including the New York Yankees, Chicago Bears and the University of Southern California, Madonna, ESPN and American Express.
eBay CEO Devin Wenig has stepped down in the midst of a push by activist investors to sell off assets, including ticket resale marketplace StubHub, the company announced this week. He has been replaced for the time being with Scott Schenkel, eBay’s senior vice president and chief financial officer.... Read more
By: Eric Fuller Dan Auerback and Patrick Carney are The Black Keys, an American garage, blues and indie rock band which has not toured for the past six years. Dan handles guitar and vocal while Patrick plays the drums. Although their band is essentially two people, they are known... Read more
Vivid Seats LLC is reportedly among the interested parties as eBay (NASDAQ:EBAY) considers spinning off leading ticket resale marketplace StubHub, according to numerous outlets. Bloomberg says that Silver Lake and KKR & Co. are also among those considering a bid, and that bids could range as high as $3... Read more
The live event industry is moving more and more toward mobile ticketing – but what happens if you don’t own a smartphone? Two seniors, hoping to see the Rolling Stones live in concert, were turned away at the gate since neither had digital tickets. The two fans, Chuck Doxon... Read more
Some Rolling Stones fans were unable to enter the stadium to see the iconic classic rock group Thursday night after their StubHub tickets were called invalid. The Stones were originally supposed to stop in Pasadena, California earlier this year on their No Filter Tour, but the gig was rescheduled,... Read more
StubHub revealed that Dan Jones, the former Senior Vice President at Ancestry, will fill the role as Vice President of International. Jones will be based in Madrid and oversee EMEA, Latin America, and Asia Pacific regions. In his previous role at the genealogy website, he also served as General... Read more
By: Eric Fuller StubHub is for sale. Interested? Cramer says it could sell for $10 billion. Quite possibly it’s worth zero. Here’s what you ought to know: StubHub is a resale ticket marketplace owned by eBay. It’s where consumers from around the world buy tickets to events. Before StubHub,... Read more
StubHub will now accept Apple Pay for payment on both mobile browsers and iOS devices. Users in the U.S. can already use Apple Pay in the StubHub app for iOS and on the Safari browser for Mac; according to the secondary ticketing company, fans use Apple Pay in about... Read more
Las Vegas Events announced an exclusive partnership with StubHub as the official secondary and fan-to-fan ticketing site of the Wrangler National Finals Rodeo. The Rodeo, which is an annual event a part of the Professional Rodeo Cowboys Association, is held each December at the Thomas & Mack Center in... Read more
It was reported earlier this week that the e-commerce platform eBay was one of the “many outlets” considering a potential acquisition of the secondary ticketing site StubHub. Since this news leaked, eBay’s stocks have risen. According to the Los Angeles Times, eBay’s (NASDAQ: EBAY) shares rose almost 6 percent... Read more