Ticketmaster Buys StubHub Competitor TicketsNow For $265 Million

Peter Kafka | January 15, 2008 7:43 AM

More wheeling, dealing in advance of IAC's breakup: The company's Ticketmaster unit has bought ticket reseller TicketsNow for $265 million.

Like everyone else in the entertainment business, IACI's ticket company has been intensely interested in the secondary ticket market, pegged at $2.5 billion to $5 billion, for a while. Last year eBay bought StubHub, the most prominent player, and Ticketmaster has been pushing its own version, TicketExchange, without success.

Now the acquisition gives Ticketmaster the second-biggest player in the aftermarket market. It will also pose a small public relations problem for a company that many consumers already detest for its endless and expensive fees. WSJ:

The acquisition raises potentially thorny questions for Ticketmaster, which has previously sued brokers who use automated programs called "bots" to scoop up tickets faster than regular fans can, and then resell them for big profits on sites such as TicketsNow. TicketsNow Chief Executive Cheryl Rosner said her site currently doesn't make any effort to keep tabs on how its 800 registered sellers acquire the tickets they sell. Mr. Moriarty said Ticketmaster would attempt to root out people who used technology unfairly, although he declined to give specifics. TicketsNow sold $202 million of tickets in 2006, Ms. Rosner said.

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Peter Kafka said:

Jan. 15, 3:31 PM

Ooof. Good catch on TicketWeb's owner, TicketGuy.

TicketGuy said:

Jan. 15, 2:50 PM

There are tons of other sites out there, the issues are finding the site with the best tickets at the best price. Sites like Tickex bring transparency to the ticket market giving the consumer the most options by listing what most ticket sites have available. To get more information on the ticket market try www.ticketnews.com, it'll tell you who are the biggest players. Also Ticketweb is a ticketmaster company.

TicketGuy said:

Jan. 15, 2:39 PM

There are tons of other sites out there, the issues are finding the site with the best tickets at the best price. Sites like href="http://www.tickex.com">www.tickex.com bring transparency to the ticket market giving the consumer the most options by listing what most ticket sites have available. To get more information on the ticket market try www.ticketnews.com, it'll tell you who are the biggest players. Also Ticketweb is a ticketmaster company.

Peter Kafka said:

Jan. 15, 10:58 AM

They are biggest player but not the only one, particular in large markets like New York, where venues like the Bowery Ballroom will sell via TicketWeb. More notably, concert giant Live Nation, formerly Ticketmaster's largest client, is starting its own ticketing service.

jdaynger said:

Jan. 15, 9:26 AM

What competition does Ticketmaster now have? Are they solo in the ticketing industry?

Ticketmaster Buys StubHub Competitor TicketsNow For $265 Million

Peter Kafka | January 15, 2008 7:43 AM

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