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Ticket resale is common in both sporting and musical events . Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term scalper was applied to railroad ticket ...
AXS (pronounced access) is an American ticket outlet for sports and entertainment events, founded in 2011 and owned by Anschutz Entertainment Group (AEG), the world's second largest entertainment promoter behind Live Nation Entertainment.
StubHub was founded in March 2000 as a class project [7] by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. [8] One of its first major sports deals was with the Seattle Mariners in 2001. [9] In 2002, eBay was in talks to acquire StubHub for US$20 million, although the agreement had later "fallen ...
With the cheapest tickets for the remaining US dates of Swift’s continuing Eras Tour now costing $2,500 (£2,000) on the resale market, up from their face value of $49, some American fans ...
Tickets to hot concerts, such as the Taylor Swift's Eras Tour or Beyonce's Renaissance world Tour, are often sold in advance to members of an artist’s fan club, or reserved for agents, venues ...
August 3, 2023 at 12:18 AM. Music fans have been speaking out about the sale of “obstructed view” or “listening only” tickets at Taylor Swift and Beyoncé ’s recent world tours. Both pop ...
The two-day pre-sale began on March 11, and 40 extra dates were added to meet high demand; five dates were reserved in their entirety for the public sale. [1] More than 1.5 million fans caused two sites offering pre-sale tickets to crash within minutes of going online. [26] In the space of four hours, 750,000 tickets were sold. [21]
Tickets go on sale at the price set by the promoter and, despite repeated efforts to confine sales to actual human fans, many get bought up by bots in seconds to be sold on the secondary market.