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StubHub Sues Ticketmaster, Golden State Warriors, in Battle of Scalpers

57 pointsby gtCameronabout 10 years ago

4 comments

jedbergabout 10 years ago
Ticketmaster is a company designed to be the &quot;evil middleman&quot;. There&#x27;s lots of info around the internet about how most of the money the collect goes to the venue without you knowing it.<p>I&#x27;m pretty sure they are basically sending most of the money back to the Warriors, which is why they are so adamant about people using Ticketmaster.<p>They don&#x27;t want to set up their own marketplace because then they would be the &quot;greedy&quot; sports franchise, so Ticketmaster sets it up and take the heat.
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bigbossmanabout 10 years ago
I have Golden State Warriors season tickets, and use both StubHub and Ticketmaster for ticket resales. Most of the secondary market liquidity is still found at Stubhub, but I would actually prefer that more exchanges occur through Ticketmaster.<p>Pricing: From a seller perspective, selling through the official Ticketmaster channel provides significantly better pricing. For example, if a customer spends $10 on a ticket through Ticketmaster, I will net $9.50 from the sale (5% commission). On Stubhub, if a customer spends $10 on the same ticket, with the way their fee structure works, I would only net $6.01 (an effective 40% commission).<p>Security: Tickets sold via Stubhub provide a pdf ticket that shows my actual name. Tickets sold via Ticketmaster reissue the original ticket in the purchaser&#x27;s name.
sosukeabout 10 years ago
Out of curiosity, in case someone can explain this to me, I want to ask a question. Tickets for an event went on sale at 10AM from a local venue. You can buy tickets from the venue site, but not pick a location, just a price point. Each time I select a ticket and price point they ask me to enter a captcha. I try again and again to see a no seats message. I go over to StubHub and BigStub only 7 minutes after 10AM and see they have thousands of tickets available for sale at a 50% price increase. They also have better seats than were available to me on the venue&#x27;s site.<p>Is the venue just pre-selling tickets to StubHub or BigStub, or are there scalpers buying that many tickets.
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jeffdavisabout 10 years ago
Is there any reason ticket sales happen like this, rather than just selling directly from the venue? Why is scalping a crime, why not just sell at market price to begin with?
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