Word: stubhub
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Whitman, a.k.a. Blondie, her eBay nickname, had an impressive 10-year run, but when eBay's slowdown began, she tried to buy her way out of the problem, acquiring companies like PayPal, Skype, Shopping.com and StubHub to generate growth. Many were profitable but distracting, as problems like lack of trust and shoddy search technology continued to ail the auction site, the main revenue driver. "Meg was reluctant to expand things like customer service because it would eat into eBay's margins," says Jeffrey Lindsay, senior analyst at Sanford C. Bernstein...
...Championship Series game sold for an average of $448 on StubHub.com, the leading secondary-market ticket site. This year, that average price dipped like the Dow: it was $244, a decline of about 50%. In the Tampa area, World Series tickets are going for under $200, the lowest price StubHub has seen in the five years it has tracked the secondary market. Several teams have already taken measures to draw fans in a struggling economy. The Kansas City Royals offered gas-card promotions when prices soared this summer, and the Oakland A's will lower ticket prices...
Ticketmaster has the most ground to cover in the red-hot resale market. The secondary market for online sports and entertainment tickets--on websites such as StubHub, RazorGator and TicketsNow--has grown to an estimated $3 billion since 2000. The industry leader, StubHub, operates as an open auction, taking a surcharge on each sale. Popular events go for incredible amounts--$10,287 for Super Bowl XLI and $5,500 for Elton John's 60th-birthday bash--but there are also bargains to be had from season-ticket holders, for example...
Ticketmaster at first ignored resale. But as teams and artists have realized the benefits--more seats get filled, and fans buy food and merchandise--it eventually joined the crowd. Its resale site, TicketExchange, sold 600,000 tickets last year, compared with StubHub's 3.3 million. TicketExchange touts its status as the reliable authorized reseller for 230 venues and 46 pro teams. "[We deliver tickets] at a level of scale and consistency better than anyone else," says Ticketmaster CEO Sean Moriarty. Since teams usually limit the ticket prices that sellers can charge, TicketExchange eliminates both the deep discounts and the outrageous...
...concert ticket? All this competition may finally sort that out. Concert organizers underprice shows to attract interest, but fans end up paying an average of 45% above face value for resold tickets, according to a study by Alan Krueger, economics professor at Princeton University. Sites like StubHub are, in effect, helping to determine the correct price for tickets; even Ticketmaster now uses an auction to price some premium seats. For music fans, that means the days of camping overnight for a front-row ticket are truly over. But they'll pay a little more for the privilege...