Vivid Seats wrapped up 2022 with a 35% increase in revenues, as well as an improved net income compared to a COVID-19-interrupted 2021. The ticketing exchange and resale company posted $600m (£500m/€563m) in revenues across 2022 compared to $443m the year prior, while marketplace GOV amounted to $3.2bn compared to $2.4bn in 2021. Net …
StubHub criticises Live Nation Entertainment’s calls for FAIR Ticketing Act
Resale platform StubHub has slammed Live Nation Entertainment’s calls for a FAIR Ticketing Act, arguing that it would strengthen its “control over the industry and consumers”. Last week, Live Nation revealed strong financial results for 2022 and its support for a new ticketing act, which calls for artists to be able to decide on resale …
SeatGeek chosen as MLB’s official ticket marketplace
SeatGeek has announced today (Monday) that it is set to become the official ticket marketplace of Major League Baseball (MLB). Not only has MLB made some changes on the field with new rules for 2023, including a pitch timer, shift restrictions and larger bases, but it has also made the decision to partner with SeatGeek …
Georgia bill on ticketing resale moves forward
A bill that would restructure the resale ticket market in the US state of Georgia moved forward through a Senate committee in the state legislature last week. The proposed legislation would give more power to consumers purchasing tickets for events in Georgia and would allow holders to resell or transfer their tickets more easily. The …
New Zealand court told 90% of Viagogo tickets sold by scalpers
Roughly 90% of event tickets sold through resale platform Viagogo in New Zealand were being sold by scalpers, according to reports from the High Court in Auckland. The platform is currently embroiled in a month-long civil trial in New Zealand, which began on Wednesday, as part of its long-standing battle with the country’s market watchdog. …
Arsenal tackles bot and touts
English Premier League club Arsenal is attempting to crack down on bot traffic and touts as some members have found it difficult to secure tickets. The club added that it is also experiencing unprecedented levels of demand for tickets. “We are working extensively to address these issues and clamp down on this illegal activity,” a …
SeatGeek signed up by Paciolan as official secondary marketplace
SeatGeek has been named as the official secondary marketplace of Paciolan, expanding its college athletics reach and relationship with Paciolan-powered live entertainment venues. The platform’s secondary ticketing services will be directly integrated with Paciolan’s primary ticketing system, with an expected start date in July. Kim Damron, president of Paciolan and president of digital and technology …
Automatiq announces merger with Drew’s Tickets
Automatiq, an automation provider for ticket resellers, has entered into a merger agreement with Drew’s Tickets and its Lysted technology. Drew’s Tickets is a provider of consignment and fulfilment services, and the merger will see customers have access to services surrounding pricing, distribution, order processing and fulfilment. Sam Sherman, chief executive of Automatiq, said: “We …
Live industry groups join forces to introduce new initiative
Live industry groups have joined together to unveil a new ‘Make Tickets Fair!’ initiative, which is a campaign aimed at educating live entertainment fans to avoid being ripped off by unscrupulous ticket resellers. The campaign was created by a cross-industry group co-ordinated by FEAT (The Face-value European Alliance for Ticketing), and a new industry-facing website …
Ricky Gervais fans with Viagogo tickets turned away from York Barbican
Ricky Gervais fans were turned away from a gig at York Barbican after they had purchased tickets through resale site, Viagogo. Hundreds of people were left outside the theatre last week after being told they were unable to enter due to ticketing issues. Many reported that they had been refused entry to the gig from …