Fuller: V is for Viagogo, Rather Than Vivid for Stubhub Sale
by Eric Fuller Viagogo buys StubHub. Is the ticket world about to be dominated by leaders named Eric? Very interesting news announced today. Viagogo is the buyer of StubHub. First, an admission: I was wrong. This is why I never play Hangman. First letter “V”, but the word was... Read more
House Committee Announces Investigation Into Live Event Ticketing
The House Energy and Commerce Committee announced Thursday it would be investigating the live event ticketing industry, looking for “potential unfair and deceptive practices” within, according to a press release. Letters were sent to Live Nation, Anschutz Entertainment Group (AEG), Tickets.com, StubHub, Vivid Seats, and TicketNetwork requesting details on... Read more
Fuller: Duopoly? What if Vivid Seats Bought StubHub?
Tick-tock on the clock But the party don’t stop TiK ToK by Kesha The drumbeat is getting louder. More and more traffic is coming through my channels. “Vivid is buying StubHub,” “The deal is very close.” If this were to happen, there would really only be two major players... Read more
Vivid Seats Reportedly Among Potential StubHub Suitors
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
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