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Scalper
Ticket resale (also known as ticket scalping or ticket touting when done for profit) is the act of reselling ticket (admission), 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 spectator sport, sporting and concert, 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ticketmaster
Ticketmaster Entertainment, LLC 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 also owns and operates TicketWeb, a ticketing website geared towards independent venues. Ticketmaster is subject to numerous controversies and lawsuits, alleging violations of various laws. The platform 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 co ... [...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. By 2015, it was 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. The company was acquired by eBay for $310 million in 2007, and again acquired in 2020 by Viagogo. History 2000–2007 StubHub was founded in March 2000 as a class project 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. In 2002, eBay was in talks to acquire StubHub for US$20 million, although the agreement had later "fallen apart over price." While StubHub initially intended to "build a ticket transaction s ... [...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 registered in the United States (Delaware) and has been owned by StubHub since 2021.McCormick, Bret (28 February 2022),Dealmaking, the full return of live events, and league and team business up for grabs are positioning sports ticketing for years of growth, ''Sports Business Journal'' It was founded in London in 2006 by Eric Baker as an amateur online marketplace for consumers to buy and re-sell tickets to sports, music, theatre and comedy events.The controversial business model of the company has always been in the headlines. The company has failed to pay the sellers and deliver tickets to the buyer in uncountable instances. Viagogo is backed by investors such as Index Ventures, Brent Hoberman, Jacob Rothschild, and Bessemer Venture Partners. In February 2020 the company purchased StubHub for $4 billion with the merging process finalized in 2022. The company has ... [...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] |
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 taxi 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] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dorgan Cartoon About Ticket Scalping
Dorgan (''Ó Deargáin'') is an Irish surname, derived from ''dearg'' "red" (compare ''Craoibh Dearg''). Notable people with the surname include: *Byron Dorgan (born 1942), United States senator from North Dakota *Howard Dorgan (1932–2012), American academic known for his research and writing on religion in Appalachia *Jerry Dorgan (1856–1891), American baseball player *Jim Dorgan (born 1930), Australian rules football player *John L. Dorgan (born 1879), known as Ike Dorgan, American boxing manager, and publicity manager for the Madison Square Garden, founding partner of ''The Ring'' magazine *Johnny Swinger, Joseph "Joe" Dorgan (born 1975), American professional wrestler and personal trainer, best known as Johnny Swinger *Mike Dorgan (1853–1909), American baseball player *Patrick Dorgan, Danish singer *Richard W. Dorgan (1892–1953), American cartoonist *Seán Dorgan (born 1968), Irish politician *Tad Dorgan (1877–1929), American cartoonist *Theo Dorgan (born 1953), Irish ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ticket Exchange
A ticket exchange, also known as a secondary ticket outlet, is a market where tickets are bought and sold. Ticket exchanges allow people to buy and sell tickets online. Typically, ticket exchanges are used by individuals wanting to buy or resell tickets from other individuals rather than from the event the ticket is for. Originally, this industry was dominated by street-based touts working outside large events and venues, buying tickets cheaply from people who had spares and selling them on to last-minute buyers. While some street touts may still exist, the advent of the internet has transformed the practice. Secondary markets today are predominantly online. There are two niches of ticket exchanges, also called secondary marketplaces: event tickets and travel reservations. Ticket exchange in events The event ticket exchange business is predominantly dominated by Viagogo, alongside its long-time rival StubHub which it merged with in 2021. Among these big online ticket marketplaces, ... [...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 in 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 be used to hedge ris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hamilton (musical)
''Hamilton: An American Musical'' is a sung-through, sung-and-rapped-through biographical musical theater, musical with music, lyrics, and a book by Lin-Manuel Miranda. Based on the 2004 biography ''Alexander Hamilton (book), Alexander Hamilton'' by Ron Chernow, the musical covers the life of Founding Fathers of the United States, American Founding Father Alexander Hamilton and his involvement in the American Revolution and the political history of the early United States. Composed from 2008 to 2015, the music draws heavily from hip hop, as well as contemporary R&B, R&B, pop music, pop, soul music, soul, and show tune, traditional-style show tunes. It casts Person of color, 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 The Public Thea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yahoo!
Yahoo (, styled yahoo''!'' in its logo) is an American web portal that provides the search engine Yahoo Search and related services including My Yahoo, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Sports, y!entertainment, yahoo!life, and its advertising platform, Yahoo Native. It is operated by the namesake company Yahoo! Inc. (2017–present), Yahoo! Inc., which is 90% owned by Apollo Global Management and 10% by Verizon. Yahoo was established by Jerry Yang and David Filo in January 1994 and was one of the pioneers of the early Internet era in the 1990s. However, its use declined in the 2010s as some of its services were discontinued, and it lost market share to Facebook and Google. Etymology The word "yahoo" is a backronym for "Yet another, Yet Another Hierarchically Organized Oracle" or "Yet Another Hierarchical Officious Oracle". The term "hierarchical" described how the Yahoo database was arranged in layers of subcategories. The term "oracle" was intended to mean "sourc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
