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Scalper
Ticket resale (also known as ticket scalping or ticket touting) is the act of reselling tickets for admission to events. Tickets are bought from licensed sellers and then sold for a price determined by the individual or company in possession of the tickets. Tickets sold through secondary sources may be sold for less or more than their face value depending on demand, which tends to vary as the event date approaches. When the supply of tickets for a given event available through authorized ticket sellers is depleted, the event is considered "sold out", generally increasing the market value for any tickets on offer through secondary sellers. Ticket resale is common in both sporting and musical events. Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term ''scalper'' was applied to railroa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ticket Scalper
Ticket resale (also known as ticket scalping or ticket touting) is the act of reselling tickets for admission to events. Tickets are bought from licensed sellers and then sold for a price determined by the individual or company in possession of the tickets. Tickets sold through secondary sources may be sold for less or more than their face value depending on demand, which tends to vary as the event date approaches. When the supply of tickets for a given event available through authorized ticket sellers is depleted, the event is considered "sold out", generally increasing the market value for any tickets on offer through secondary sellers. Ticket resale is common in both sporting and musical events. Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term ''scalper'' was applied to railroa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
StubHub
StubHub is an American ticket exchange and resale company. It provides services for buyers and sellers of tickets for sports, concerts, theater, and other live entertainment events. It is the world's largest ticket marketplace. While the company does not currently disclose its financials, in 2015 it had over 16 million unique visitors and nearly 10 million live events per month. StubHub was founded in 2000 by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. In 2007, StubHub was acquired by eBay for $310 million. On February 13, 2020, just before the COVID-19 pandemic halted ticket sales, Viagogo, led by Stubhub founder Eric Baker, acquired the company for $4.05 billion. History 2000-2007 StubHub was founded in San Francisco, United States in 2000 by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. One of its first major sports deals was with the Seattle Mariners in 2001. Bake ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ticketmaster
Ticketmaster Entertainment, Inc. is an American ticket sales and distribution company based in Beverly Hills, California with operations in many countries around the world. In 2010, it merged with Live Nation under the name Live Nation Entertainment. The company's ticket sales are fulfilled digitally or at its two main fulfillment centers located in Charleston, West Virginia, and Pharr, Texas for both primary and secondary markets. Ticketmaster's clients include venues, artists and promoters. Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them. Ticketmaster charges a fee on tickets purchased and resold on the platform. The fees from ticket sales can account for a large percentage of overall ticket costs and have received scrutiny from regulators, customers, and musicians for its fees. The company has faced scrutiny from the United States Department of Justice for retaliation against venues violating it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Viagogo
Viagogo, stylized by the company as viagogo, is a multinational ticket exchange and ticket resale brand. It is headquartered in the United States and owned by StubHub Holdings. It was founded in 2006 by Eric Baker, the co-founder of StubHub. Viagogo is backed by venture capital investment firm Index Ventures as well as Brent Hoberman, the co-founder and former CEO of lastminute.com, and Jacob Rothschild, 4th Baron Rothschild. In February 2020, it acquired StubHub. The company has been criticized for inflation via ticket resale, lacking transparency, and in some cases, having sold counterfeit tickets. These controversies have led to legal action in some of the countries where Viagogo operates, and also led the UK Competition & Markets Authority to order changes to Viagogo's operations. History Viagogo was founded in 2006 in London by Eric Baker, the co-founder of US-based StubHub. It was established to provide an online marketplace that allows consumers to buy and sell tickets ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wonder World Tour (Miley Cyrus)
The Wonder World Tour was the second concert tour by American singer Miley Cyrus. The tour was held in support of her second studio album '' Breakout'' (2008) and first extended play (EP) '' The Time of Our Lives'' (2009). It began in September 2009 and concluded on December 29, visiting cities in the United States and United Kingdom; thus, the Wonder World Tour became Cyrus' first world tour. It also became Cyrus' first tour not to incorporate performances as Hannah Montana, although " Let's Get Crazy" and "Spotlight", both songs credited to Montana, were performed. Alternative band Metro Station served as opening act for all tour venues. It was sponsored by Wal-Mart and promoted by AEG Live. All tickets from the Wonder World Tour were sold using paperless ticketing, in order to prevent ticket scalping similar to what had occurred during Cyrus' previous tour. One dollar from each ticket sold was donated to the City of Hope National Medical Center, an organization devoted to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Better Online Tickets Sales Act
The Better Online Ticket Sales Act of 2016Pub.L. 114-274, S.3183 commonly referred to as the BOTS Act) was signed into federal law by President Barack Obama on December 14, 2016. This act was created to thwart attempts by individuals and organization to automate the process of purchasing tickets en masse using ticket bots. Later, these tickets are often resold on third-party sites for profit at a markup over face value, or at a loss. This activity is also referred to as ticket scalping. The BOTS Act outlawed the resale of tickets purchased using bot technology and set a fine of $16,000 for violations of the act, which is enforced by the U.S. Federal Trade Commission. Purpose of the act The bill was first introduced in the U.S. House of Representatives (114th Congress) in February 2015 by U.S. Representatives Paul D. Tonko (D-N.Y.) and Marsha Blackburn (R-Tenn.). The BOTS Act was created specifically to prohibit the circumvention of purchase control and ticket allocation measures u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tout
A tout is any person who solicits business or employment in a persistent and annoying manner (generally equivalent to a ''solicitor'' or '' barker'' in American English, or a ''spruiker'' in Australian English). An example would be a person who frequents heavily touristed areas and presents himself as a tour guide (particularly towards those who do not speak the local language) but operates on behalf of local bars, restaurants, or hotels, being paid to direct tourists towards certain establishments. Types In London, the term "taxi touts" refers to a kind of illegal taxicab operation which involves taxi drivers (or their operator) attracting potential passengers by illegal means—for instance, calling out travellers, or fetching them and their luggage, while parked in an area where taxi drivers must wait in their vehicle. They may charge exorbitant fees upon arrival, possibly using threats to ensure payment. "Ticket tout" is a British term for a scalper, someone who engages i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forward Contract
In finance, a forward contract or simply a forward is a non-standardized contract between two parties to buy or sell an asset at a specified future time at a price agreed on at the time of conclusion of the contract, making it a type of derivative instrument.John C Hull'', Options, Futures and Other Derivatives (6th edition)'', Prentice Hall: New Jersey, USA, 2006, 3 The party agreeing to buy the underlying asset in the future assumes a long position, and the party agreeing to sell the asset in the future assumes a short position. The price agreed upon is called the ''delivery price'', which is equal to the forward price at the time the contract is entered into. The price of the underlying instrument, in whatever form, is paid before control of the instrument changes. This is one of the many forms of buy/sell orders where the time and date of trade is not the same as the value date where the securities themselves are exchanged. Forwards, like other derivative securities, can ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Option (finance)
In finance, an option is a contract which conveys to its owner, the ''holder'', the right, but not the obligation, to buy or sell a specific quantity of an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction. Thus, they are also a form of asset and have a valuation that may depend on a complex relationship between underlying asset price, time until expiration, market volatility, the risk-free rate of interest, and the strike price of the option. Options may be traded between private parties in ''over-the-counter'' (OTC) transactions, or they may be exchange-traded in live, public markets in the form of standardized contracts. Definition and application An option is a contract that allows the holder the right to buy or sell an underlying asset or financial instrument at a specified st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hamilton (musical)
''Hamilton'' is a biographical sung-and-rapped-through musical by the American composer and actor Lin-Manuel Miranda. Composed over a seven-year period from 2008 to 2015, the musical tells the story of American Founding Father Alexander Hamilton. Miranda said that he was inspired to write the musical after reading the 2004 biography '' Alexander Hamilton'' by Ron Chernow. Miranda says ''Hamilton'' was originally a hip hop album in his head. The show draws heavily from hip hop, as well as R&B, pop, soul, and traditional-style show tunes. It casts non-white actors as the Founding Fathers of the United States and other historical figures. Miranda described ''Hamilton'' as about "America then, as told by America now." From its opening, ''Hamilton'' received near-universal acclaim. It premiered Off-Broadway on February 17, 2015, at the Public Theater in Lower Manhattan, with Miranda playing the role of Alexander Hamilton, where its several-month engagement was sold out. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ticket (admission)
A ticket is a voucher that indicates that an individual is entitled to admission to an event or establishment such as a theatre, amusement park, or tourist attraction, or has a right to travel on a vehicle, such as with an airline ticket, bus ticket or train ticket. An individual typically pays for a ticket, but it may be free of charge. A ticket may serve simply as proof of entitlement or reservation. A ticket may be valid for any seat (called "free seating" or "open seating") or for a specific one (called "allocated seating" or "reserved seating"). Overview Members of the public can buy a ticket at a ticket window or counter, called a box office in the entertainment industry (this term is also used for the total receipts), or in some cases online or by telephone. The ticket check may also be located at the box office, or it may be elsewhere. Tickets may also be available from resellers, which typically are commercial enterprises that purchase tickets in bulk and resell ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Floyd Mayweather Jr
Floyd Joy Mayweather Jr. (''né'' Sinclair; February 24, 1977) is an American boxing promoter and former professional boxer. He currently owns a team in the NASCAR Cup Series named The Money Team Racing. As a professional boxer he competed between 1996 and 2017, retiring with an undefeated record and winning 15 major world championships from super featherweight to light middleweight. This includes the ''Ring'' magazine title in five weight classes and the lineal championship in four weight classes (twice at welterweight). As an amateur boxer, he won a bronze medal in the featherweight division at the 1996 Olympics, three U.S. Golden Gloves championships (at light flyweight, flyweight, and featherweight), and the U.S. national championship at featherweight. Mayweather was named "Fighter of the Decade" for the 2010s by the Boxing Writers Association of America (BWAA), a two-time winner of ''The Ring'' magazine's Fighter of the Year award (1998 and 2007), a three- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
