According to the Wall Street Journal, “Ticketmaster has agreed to pay about $265 million for TicketsNow Inc., the country’s second-largest Web site for reselling tickets to concerts and sports events.”
The largest online ticket broker is StubHub, which is owned by eBay.
Apparently, perceptions of ticket “resellers” is changing: “Where resellers once were viewed as shady scalpers, now, thanks largely to the Internet, they are becoming more respectable.” Wrong. They’re still just shady scalpers unfairly raising the price of tickets and keeping real fans from being able to afford to go to shows.
Scalping should be illegal.
The acquisition raises potentially thorny questions for Ticketmaster, which has previously sued brokers who use automated programs called “bots” to scoop up tickets faster than regular fans can, and then resell them for big profits on sites such as TicketsNow. TicketsNow Chief Executive Cheryl Rosner said her site currently doesn’t make any effort to keep tabs on how its 800 registered sellers acquire the tickets they sell. Mr. Moriarty said Ticketmaster would attempt to root out people who used technology unfairly, although he declined to give specifics. TicketsNow sold $202 million of tickets in 2006, Ms. Rosner said.
Fuck Ticketmaster and fuck scalpers. And people wonder why the concert industry is slumping…