Word: ticket
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Dates: during 2000-2009
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...Klux Klan, which, in this incarnation, was as much anti-Catholic and anti-Jewish as antiblack. The Klan's power peaked at the Democratic Convention of 1924, when pro-Klan forces battled for almost 100 ballots to keep New York's Catholic Governor Al Smith off the ticket. Smith managed to get nominated in 1928, only to be buried by Republican Herbert Hoover...
...decade after Pearl Jam's failed "Ticketbastard" crusade against the ticketing giant, the Web is doing what lawsuits couldn't: raising the bar with a healthy dose of competition. While Ticketmaster, part of Barry Diller's Interactive Corp., still dominates the industry--it sold 128 million tickets last year, compared with Tickets.com's 76 million--it is fending off threats from every direction. Some of its biggest customers--concert promoters and professional sports leagues--are finding ways to sell their own tickets. Smaller ticketing outfits are attracting museums and concert halls with software that gives them closer fan connections. Worst...
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...
...what is a fair price for a hot 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...