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TicketNetwork. TicketNetwork is an online marketplace that provides an outlet for buyers and sellers of tickets to live entertainment events. The company was founded in 2002 by ticket broker Don Vaccaro and software developer Doug Kruse. [1] It operates several retail sites and partners with large name brand travel and media companies.
In late 2019, StubHub disclosed having sold $4.75 billion in tickets in 2018 with $1.1 billion in annual fees, and sold tickets in 44 countries, particularly the United States. On November 25, 2019, the competing service Viagogo —which was founded by Baker and has a major presence in Europe—announced that it would acquire StubHub for $4.05 ...
Typically, fees added to a ticket's face value have included: Facility charge – Charge added by the venue. Delivery fee – Charges added dependent on the ticket delivery method and credit card processing fees. Service fee – Sum of charges added based on the "agreement with each client (artists)" and the order processing fee. Ticketmaster ...
Only by adding the ticket to their cart, signing in to Ticketmaster, and then proceeding with the purchase would they see the total climb to $48.25, due to “service fees.”
StubHub instates high transaction fees, which can be more than 15% of the ticket’s sale price. And due to demand, StubHub may not always have popular tickets for less than face value. 2.
Vivid Seats is a middleman between ticket buyers and sellers, taking a 10% commission once tickets have sold and additionally charging buyers service fees (circa 20–40%) and shipping charges. Partnerships. In February 2017, ESPN made Vivid Seats its official ticket provider, replacing StubHub.
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