StubHub Is For Sale: How Much Is The Marketplace Really Worth?
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
Vivid Seats Launches New Rewards Program, Redesigned Mobile App
The secondary ticketing company Vivid Seats launched Vivid Seats Rewards today, a loyalty program that will allow fans to earn credit based on how much they buy on the site. Once fans sign into the Vivid Seats mobile app, which has been fully redesigned, they will be automatically enrolled... Read more
Ticketmaster Talks Bot Bans, Defends Holdbacks in Canada Testimony
In testimony given Tuesday to the Standing Committee on Canadian Heritage (CHPC) of Canada’s House of Commons, Ticketmaster and Vivid Seats agreed that governmental action against Bots is welcomed by many within the ticketing industry. But the companies diverged on whether or not action should be taken on holdbacks... Read more
New York Campaign Donations Raise Impartiality, Legality Questions
Three years ago, there was a minor media frenzy related to then-New York Attorney General Eric Schneiderman and some large donations made to his campaign from private equity executive Robert Smith and his wife Hope. Smith, who is the CEO of Vista Equity Partners, donated $65,000 to Schneiderman’s 2018... Read more
Vassilatos, Bednyak Out at Vivid Seats, Grubhub Exec Named CEO
Vivid Seats has announced the hiring of Stan Chia as new Chief Executive Officer, joining the Chicago-based ticket resale company from Grubhub, where he had served as Chief Operating Officer. Co-founders Eric Vassilatos, who had been CEO, and Jerry Bednyak will serve as co-chairmen of the board of directors... Read more
Numerous Businesses at Risk Over NY AG’s Broad Interpretation of Law
The business models of Todaytix.com and practically every other ticket resale business, along with businesses offering hotel rooms and even the dairy farming industry could be in peril, according to the New York Attorney General’s stance regarding selling items before ownership, a source with knowledge of the AG’s thinking... Read more
Vivid Seats App Found to Have Numerous “Critical” Security Flaws
A report by the American Consumer Institute Center for Citizen Research (ACI) found that the Vivid Seats app had a number of what it deemed “critical vulnerabilities” due to use of open source code. The report, which examined the ten most popular applications in the main categories available on... Read more
Vivid Seats Inks Deal With NBA’s Los Angeles Clippers
Vivid Seats announced it has signed a deal with the NBA’s Los Angeles Clippers to serve as an official ticket marketplace for the franchise. The deal is the first official relationship the resale marketplace has made with an NBA franchise, and is set to launch for the upcoming 2018-19... Read more
Kentucky Derby 2018 Saddling Up to Break Records
The 2018 Kentucky Derby at Churchill Downs could break sales records with the high-demand for a spot at the event and a spike in both the winning prize and ticket prices. According to a resale price analysis, ticket costs have increased dramatically since 2015. Ticket Club data shows that the... Read more
Vivid Seats Joins Internet Association Trade Group
Internet Association today welcomed Vivid Seats, the largest independent online ticket marketplace, as its newest member, adding to the organization’s growing list of e-commerce members. “Vivid Seats is at the forefront of the peer-to-peer economy leveraging the internet to enhance consumer choice and change the way people shop for... Read more