Ticket Scalping
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Ticket Scalping
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 railroad t ...
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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 t ...
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Yahoo! Music
Yahoo! Music was a brand under which Yahoo! provided a variety of music services, including Internet radio, music videos, news, artist information, and original programming. Previously, users with Yahoo! accounts could gain access to hundreds of thousands of songs sorted by artist, album, song and genre. History Yahoo Music began as "LAUNCH", a website and magazine produced by LAUNCH Media which Yahoo acquired for US$12 million in 2001. LAUNCH was later rebranded as "Yahoo Music", then simply "Y! Music" in February 2005. LAUNCH's LAUNCHcast Internet radio and music video offerings were integrated into Yahoo's site along with artist profiles containing an extensive selection of music and biographical information. On September 14, 2004, Yahoo purchased Musicmatch, Inc., makers of the Musicmatch Jukebox software. As of Musicmatch 10.1, Yahoo has rebranded Musicmatch Jukebox as Yahoo Music Musicmatch Jukebox, and integrated it with the Yahoo Music Engine store. The main diffe ...
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Stephen Barrett
Stephen Joel Barrett (; born 1933) is an American retired psychiatrist, author, co-founder of the National Council Against Health Fraud (NCAHF), and the webmaster of Quackwatch. He runs a number of websites dealing with quackery and health fraud. He focuses on consumer protection, medical ethics, and scientific skepticism. Biography Barrett is a 1957 graduate of the Columbia University College of Physicians and Surgeons and completed his psychiatry residency in 1961. In 1967 and 1968 he completed part of a correspondence course in American Law and Procedure at La Salle Extension University (Chicago). He was a practicing physician until retiring from active practice in 1993. , his medical license was listed as "Expired" in good standing: "No disciplinary actions were found for this license." A longtime resident of Allentown, Pennsylvania, Barrett now resides in Chapel Hill, North Carolina. In addition to webmastering his websites, Barrett was a co-founder, vice-president and a ...
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The Scalpers Are Cheating The (Vancouver Folk Music) Festival
''The'' () is a grammatical Article (grammar), article in English language, English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the Most common words in English, most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with pronouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant s ...
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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 ticket ...
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Boston Red Sox
The Boston Red Sox are an American professional baseball team based in Boston. The Red Sox compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. Founded in as one of the American League's eight charter franchises, the Red Sox' home ballpark has been Fenway Park since . The "Red Sox" name was chosen by the team owner, John I. Taylor, , following the lead of previous teams that had been known as the "Boston Red Stockings," including the Boston Braves (now the Atlanta Braves). The team has won nine World Series championships, tied for the third-most of any MLB team, and has played in 13 World Series. Their most recent World Series appearance and win was in . In addition, they won the American League pennant, but were not able to defend their 1903 World Series championship when the New York Giants refused to participate in the 1904 World Series. The Red Sox were a dominant team in the new league, defeating the Pittsburgh Pira ...
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EBay
eBay Inc. ( ) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995 and became a notable success story of the dot-com bubble. eBay is a multibillion-dollar business with operations in about 32 countries, as of 2019. The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and an additional or separate fee when those items are sold. In addition to eBay's original auction-style sales, the website has evolved and expanded to include: instant "Buy It Now" shopping; shopping by Universal Product Code, ISBN, or other kind of SKU number (via Half.com, which was shut down in 2017); and othe ...
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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 us ...
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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-ti ...
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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. The mu ...
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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 strike ...
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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 b ...
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