TicketExchange

WSJ: Top Artists "Scalping" Own Tickets on Resale Sites

Authored by Mark Hefflinger on March 12, 2009 - 8:54am.

New York - A number of top music artists, including Neil Diamond, Britney Spears, Bon Jovi, Celine Dion, Billy Joel and Elton John, are partnering with Ticketmaster (NASD: TKTM) to sell some premium tickets to their concerts on a secondary ticket exchange for hundreds of dollars more than face value, The Wall Street Journal reported. Several managers of top artists and Ticketmaster executives told The Journal that the company "routinely offers to list hundreds of the best tickets per concert on one of its two resale Web sites -- and divides the extra revenue, which can amount to more than $2 million on a major tour, with artists and promoters."

Ticketmaster Signs NBA to Online Ticket Resale Deal

Authored by Mark Hefflinger on February 26, 2007 - 5:15pm.

West Hollywood, Calif. - Ticketmaster announced on Monday that it has signed a league-wide deal with the National Basketball Association (NBA), making the company both the official primary and secondary ticketing provider for the league. The secondary sales deal means NBA fans who purchase tickets through Ticketmaster, but can't attend the game, can post their tickets for resale through a dedicated section on the team's website through Ticketmaster's TicketExchange service. Sellers may set their own prices, per state guidelines, while Ticketmaster will claim a transaction fee from both buyers and sellers on the service.

tags: Sports | NBA | Ticketmaster | TicketExchange |