August 4, 2013 |
Dale Rech, an avid USC football fan who lives in Florida, decided a few years ago that he wanted to attend USC's game at Notre Dame. Rech dived into the secondary ticket market, choosing StubHub. He was willing to pay a premium. "The seat I ended up buying had about a 300% markup," Rech said. "To me it was worth it. And it was a good seat. " Skip Elefante, a Tustin businessman, regularly deals with StubHub and other secondary ticket marketers to both buy and sell tickets. He sells his tickets for what he paid and sometimes sees his ticket go for well over market value.
January 7, 2010 |
The recession apparently hasn't struck deep in the heart of Texas. Nor has it reached sweet home Alabama. Tickets for the Bowl Championship Series national title game between Alabama and Texas tonight at the Rose Bowl have sold for an average of $943 on StubHub, a 37.9% increase over the $684 average paid last year for the BCS title game between Florida and Oklahoma. It is the highest-grossing bowl game this season on StubHub and ranks fifth on its all-time list of highest-grossing events.
October 31, 2011 |
Acne-fighting app — There are smartphone applications for just about everything, but one company went too far by claiming its app could clear up acne, the Federal Trade Commission said. The agency obtained a court order prohibiting AcneApp and AcnePwner from making acne-treatment claims. The apps were sold on Apple's iTunes store and the Android Market and claimed to treat acne with colored lights emitted from smartphones. The app sold for $1.99 on iTunes and 99 cents on the Android marketplace, the FTC said.
April 23, 2013 |
Legislation that would have outlawed restrictions on the resale of sports and concert tickets was killed by a California Assembly committee Tuesday. The bill, backed by StubHub, would have granted fans ownership of whatever ticket they buy. StubHub and its allies argued that a team was no different than a car dealer - once you buy a commodity, you should be allowed to resell it whenever and however you liked. The Angels aligned with other teams and venues in opposing the bill, arguing that it would help StubHub and other ticket resellers buy blocks of tickets and sell them above face value.
January 16, 2008 |
Ticketmaster, the largest seller of sports and concert tickets in the U.S., agreed to buy online reseller TicketsNow for $265 million to compete with StubHub, a unit of EBay Inc. The sale should be completed by the end of the first quarter, said a statement issued by West Hollywood-based Ticketmaster, a unit of Barry Diller's IAC/InterActiveCorp. The purchase of the reseller of sports and concert tickets comes a month after Ticketmaster announced an agreement with the National Football League to resell tickets over the Internet.
June 21, 2011 |
"Two dollars and fifty-five cents!" The price was giddily shouted by my son as he scanned the computer, and I quickly scolded him for joking. I wasn't trying to buy a six-pack of soda. I wasn't trying to buy a bowl of soup. I was trying to buy a reserve-level Dodgers ticket for last Wednesday's afternoon game against the Cincinnati Reds. "Be serious!" I told him. "Two dollars and fifty five cents!" he shouted again. I questioned him further. He wasn't kidding.