This section of SportTechie, “Sports Tech Wire”, contains original press releases issued by various companies and industry organizations. The releases are reviewed by the SportTechie editorial staff to ensure relevancy to the sports technology industry. For information and access, send your name and email address to info@SportTechie.com Tap.in2 Tech with Venue’s App Brings In-Seat Delivery to Fans at STAPLES […]
The brand new, state-of-the-art T-Mobile Arena, just opened on April 6th in Las Vegas. With the Help of MGM and AEG, the new arena is ready to begin hosting all kinds of events, as The Killers officially opened the arena last night to the public. However, the real hope is to eventually land a major professional sports […]
Stubhub will soon be the exclusive ticket re-seller for venues like the Staples Center with their recent partnership with AEG
The secondary ticket market used to be very simple. If tickets for a concert or a sporting event were sold out, fans went to the venue prepared to pay a lot of money, and looked for a scalper hoping to get one of the sought-after sold-out tickets.
The resale market changed forever in 2000 when Stubhub was created—setting up an online national ticket re-selling community. Sometimes tickets were priced greatly above their face value, but often tickets for less desirable events could be purchased at a fraction of the original cost. In 2007, EBay bought the company for $310 million.
