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Ticket Resale
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 ...
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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 ...
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Black Ice World Tour
The Black Ice World Tour was a 2008–2010 concert tour by Australian rock band AC/DC, in support of their fifteenth studio album '' Black Ice'', which was released on 20 October 2008. This tour had 8 legs around the world lasting more than 20 months starting on 26 October 2008 in Wilkes-Barre, Pennsylvania and finishing on 28 June 2010 in Bilbao, Spain. Background Overview The tour was the band's first since the Stiff Upper Lip World Tour in 2000 and 2001. "It never gets boring," declared Johnson. "They're just the best rock band – and, just to listen to them every night, it gets me. Every time they kick in, you think, 'What the fuck?!' You're on again and you're thinking, 'This is ridiculous! I'm still grooving!'" History The tour began with a North American leg, kicking off in Wilkes-Barre, Pennsylvania in late October and continuing until late December. The initial leg was met with unprecedented demand, with 18 record sell-outs across the continent. A second North Ame ...
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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 ...
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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) American League East, East Division. Founded in as one of the American League's eight charter franchises, the team's home baseball park, 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 List of World Series champions, third-most of any MLB team, and has played in thirteen World Series. Their most recent World Series appearance and win was in 2018. In addition, they won the American League pennant (sports), pennant, but were not able to defend their 1903 World Series championship when the History of the New York Giants (baseball), New York Giants ref ...
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EBay
eBay Inc. ( , often stylized as ebay) is an American multinational e-commerce company based in San Jose, California, that allows users to buy or view items via retail sales through online marketplaces and websites in 190 markets worldwide. Sales occur either via online auctions or "buy it now" instant sales, and the company charges commissions to sellers upon sales. eBay was founded by Pierre Omidyar in September 1995. It has 132 million yearly active buyers worldwide and handled $73 billion in transactions in 2023, 48% of which were in the United States. In 2023, the company had a take rate (revenue as a percentage of volume) of 13.81%. The company is listed on the Nasdaq Global Select Market and is a component of the S&P 500 and formerly the Nasdaq-100. eBay can be used by individuals, companies and governments to purchase and sell almost any legal, non-controversial item. eBay's auctions use a Vickrey auction (sealed-bid) proxy bid system. Buyers and sellers may r ...
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Barack Obama
Barack Hussein Obama II (born August 4, 1961) is an American politician who was the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, he was the first African American president in American history. Obama previously served as a U.S. senator representing Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004. Born in Honolulu, Hawaii, Obama graduated from Columbia University in 1983 with a Bachelor of Arts degree in political science and later worked as a community organizer in Chicago. In 1988, Obama enrolled in Harvard Law School, where he was the first black president of the ''Harvard Law Review''. He became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. In 1996, Obama was elected to represent the 13th district in the Illinois Senate, a position he held until 2004, when he successfully ran for the U.S. Senate. In the 2008 pre ...
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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 ...
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Floyd Mayweather Jr
Floyd Joy Mayweather Jr. (né Sinclair; born February 24, 1977) is an American boxing promoter and former professional boxer who competed between 1996 and 2017. He list of undefeated boxing world champions, retired with an undefeated record and won 15 major world championships spanning List of boxing quintuple champions, five weight classes from super featherweight to light middleweight. This includes the ''The Ring (magazine), Ring'' magazine title in triple champion#Boxing, three weight classes. As an Amateur boxing, amateur, 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 United States national amateur boxing championships, U.S. national championship at featherweight. After retiring from professional boxing in August 2017, he transitioned to Exhibition fight, exhibition boxing. As of April 2025, BoxRec ranks him the third greatest boxer of all time, p ...
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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 ...
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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 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 ...
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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 ...
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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, ...
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