StubHub Says Ticket Resales Are Booming, Thanks To Lower Prices
from the hot-tickets dept
Online ticket reseller StubHub says that sales revenues and volume were up significantly in the first quarter, as secondary ticket prices fell and lured in more buyers. The head of the company says he wishes he could have some control over the prices and keep them down so the volume (which drives StubHub's revenues) stays high, but the company really has no way to control that, since each individual seller that uses its platform will try to push the price as high as they can. In any case, Stubhub's booming business helps explain why Ticketmaster is trying to grow its own resale business, grabbing a cut from the original sale, and then the resale too. On a related note, the StubHub CEO says he's not concerned about Ticketmaster's increasing use of paperless tickets as a means to thwart scalpers: "There are ways that brokers can provide these tickets. They're not elegant. They don't provide a great experience to the fan... Where there's a will there’s a way, and there are both interested sellers and interested buyers." Inevitably, resellers will find a way around the system -- but somehow, as long as Ticketmaster finds a new revenue stream coming from it, it's hard to imagine the company will mind too much.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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paperless tickets
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Re: paperless tickets
Stubhub talks a brave game, but when it gets too difficult to actually get the tickets, I think you will see that stubhubs business will drop.
I think you will see more and more sports teams move towards smart cards to replace tickets, where the card is identified to a user who is the only one that can use the account. Using that smart card to hold tickets and allow access to the facilities might be a workable solution.
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Re: Re: paperless tickets
It all about money.
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Re: Re: paperless tickets
Yeah right, I am going to go through all that trouble so that I can overpay for the tickets, then have to pay the "smartcard" fee, the "convenience" fee, the "facility", the "service" fee, the "will call" fee, the "paperless ticket" fee. FUCK ticketmaster, they are and illegal monopoly and add up to 50% to the price of a ticket. FUCK ticketmaster...
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Re: paperless tickets
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Forget TM
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Higher costs for paperless?
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Re: Higher costs for paperless?
Which was fortunate, because when it turned out we couldn't go, we could re-sell the paper tickets on Craigslist at cost. (Bummer, I really wanted to see Spamalot, too...)
It's just like the push to go digital with videogames, trying to destroy the resale market and saddle it with as much DRM as possible. But, like with videogames, as the last statement in this article suggests, no matter how they try to prevent it, people will find a way around it.
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RE: Higher costs for paperless?
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I've had to tell my daughter 'no' to three concerts because of the cost.
And not to worry RIAA - she, like me; prefers the original CD. But $75.00+ for a concert ticket?
naaaaa
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Re:
Welcome to web 2.9! Hopefully we will flip over to 3 soon as this horrible situation will get resolved.
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But when Stub hub hits us for ten percent, then charges the buyer 20% sometimes you can barely cover the cost of the tic.
Stub hub has been too greedy sometimes making over 100 per tic. I'm considering listing elsewhere.
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