Ticket Liquidator

Last updated
Ticket Liquidator
Private
Industry Live Entertainment
Founded 2003
Headquarters South Windsor, Connecticut , USA
Products ticket exchange
Website www.ticketliquidator.com

Ticket Liquidator is an online marketplace for live entertainment tickets. [1] It is a division of Ticket Software LLC (also known as TicketNetwork), a technology company based in South Windsor, Connecticut. [2]

A ticket exchange is a market where tickets are bought and sold.

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. It operates several retail sites and partners with large name brand travel and media companies.

Contents

Operations

Ticket Liquidator functions under a model similar to eBay; independent sellers list their tickets on the marketplace where consumers can buy them. Buyers are charged the price of the tickets (set by the seller), a service fee (assessed by Ticket Liquidator), and a delivery fee. When the tickets are available, the seller ships them directly to the buyer. [3] The site lists tickets for many different kinds of events, including concerts and sporting competitions, [4] mostly from professional resale brokers, and offers a buyer guarantee. [5]

eBay American multinational e-commerce corporation

eBay Inc. is an American multinational e-commerce corporation based in San Jose, California that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in the autumn of 1995, and became a notable success story of the dot-com bubble. eBay is a multibillion-dollar business with operations in about 30 countries, as of 2011. The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and again when those items are sold.

History

In 2011, Ticket Liquidator launched a blog called Live Toast, which includes news in the live entertainment world, reviews of music and theatre shows, opinion pieces, and other content. Its mascot, Toastie, is a talking, anthropomorphic piece of toast. [6] In 2012, when Hurricane Sandy benefit concert tickets were being resold on the secondary market, Ticket Liquidator was one of the sites that refused to list the tickets. [7]

See also

Related Research Articles

Price discrimination

Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are transacted at different prices by the same provider in different markets. Price discrimination is distinguished from product differentiation by the more substantial difference in production cost for the differently priced products involved in the latter strategy. Price differentiation essentially relies on the variation in the customers' willingness to pay and in the elasticity of their demand.

Ticketmaster Entertainment, Inc. is an American ticket sales and distribution company based in Beverly Hills, California, with operations in many countries around the world. In 2010 it merged with Live Nation to become Live Nation Entertainment. As a primary ticket outlet, most US ticket sales for US venues are fulfilled at Ticketmaster's two main fulfillment centers located in Charleston, West Virginia, and Pharr, Texas. Typically, Ticketmaster's clients (promoters) control their events, and Ticketmaster acts as an agent, selling the tickets that the clients make available to them.

Ticket resale is the act of reselling tickets for admission to events. Tickets are bought from licensed sellers and are 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 sporting and musical events.

ETLAND

ETLAND (hangul:전자랜드) is a Korean online or offline and shopping mall and auction site, similar to the U.S. site eBay. and group family by Kiswel Group.

Tour promoters are the individuals or companies responsible for organizing a live concert tour or special event performance. The tour promoter makes an offer of employment to a particular artist, usually through the artist’s agent or music manager. The promoter and agent then negotiate the live performance contract. The majority of live performance contracts are drawn up using the American Federation of Musicians (AFM) standard contract format known as the AFM Performance Agreement.

A catalog merchant is a form of retailing. The typical merchant sells a wide variety of household and personal products, with many emphasizing jewelry. Unlike a self-serve retail store, most of the items are not displayed; customers select the products from printed catalogs in the store and fill out an order form. The order is brought to the sales counter, where a clerk retrieves the items from the warehouse area to a payment and checkout station.

StubHub

StubHub is an online ticket exchange company owned by eBay, which provides services for buyers and sellers of tickets for sports, concerts, theater and other live entertainment events. It has grown from the largest secondary-market ticket marketplace in the United States into 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.

Viagogo is an online ticket marketplace for ticket resale. The company, which was founded in London in 2006, has a network of more than 60 global websites with customers in 160 countries. Viagogo is backed by the venture capital investment firm Index Ventures as well as Brent Hoberman, the co-founder and former CEO of Lastminute.com and Lord Jacob Rothschild via his family interests. They have faced criticism for inflating ticket prices and their refusal to work with artists trying to prevent secondary resale. After court action taken over concerns that it is breaching consumer protection law the Competition and Markets Authority has now secured a court order against viagogo. The order requires that the site "must overhaul the way it does business by mid-January 2019 in order to comply."

Online ticket brokering is the resale of tickets through a web-based ticket brokering service. Prices on ticket brokering websites are determined by demand, availability, and the ticket reseller. Tickets sold through an online ticket brokering service may or may not be authorized by the official seller. Generally, the majority of trading on ticket brokering websites concerns itself with tickets to live entertainment events whereby the primary officially licensed seller's supply has been exhausted and the event has been declared "sold-out". This "sold-out" status increases the ticket's potential market value. Critics of the industry compare the resale of tickets online to ‘ticket touting’, ‘scalping’ or a variety of other terms for the unofficial sale of tickets directly outside the venue of an event.

Until 27 November 2018 Seatwave was an online ticket marketplace for buying and selling tickets to music, sporting and cultural events. Ticket sellers were able to list their tickets on Seatwave and specified what price they would be willing to sell them for. Buyers could browse the site, compare ticket prices and could then purchase the ticket they feel was the best deal. Seatwave’s TicketIntegrity guarantee ensured buyers got the tickets they ordered by the day of the event. If they did not, Seatwave would find replacement tickets, or refund the buyer.

Wigix, also known as Wigix.com, Wigix.cn, and Wigix, Inc., is an online consumer-to-consumer and business-to-consumer (B2C) online marketplace whose model mimics financial trading platforms. The company name is an acronym for "Want It Got It eXchange". Along with Wigix.com, the company also owns China-based ddku.com as a wholly owned subsidiary.

Autotrader.com, Inc. is an online marketplace founded in 1997, which functions as an online marketplace for car purchasers and sellers. It aggregates new, used, and certified second-hand cars from dealers and private sellers. The site also provides users with automotive reviews, shopping advice, and comparison tools for car financing and insurance information.

A reverse auction is a type of auction in which the roles of buyer and seller are reversed. In an ordinary auction, buyers compete to obtain goods or services by offering increasingly higher prices. In a reverse auction, the sellers compete to obtain business from the buyer and prices will typically decrease as the sellers underbid each other.

In Milgram v. Orbitz Worldwide, LLC, the New Jersey Superior Court held that online ticket resellers qualified for immunity under Section 230 of the Communications Decency Act (CDA), and that such immunity preempted a state law consumer fraud statute. The opinion clarified the court's test for determining whether a defendant is acting as a publisher, the applicability of the CDA to e-commerce sites, and the extent of control that an online intermediary may exercise over user content without becoming an "information content provider" under the CDA. The opinion was hailed by one observer as a "rare defeat for a consumer protection agency" and the "biggest defense win of the year" in CDA § 230 litigation.

ReDigi is an online marketplace for pre-owned digital products and the only cloud storage service that verifies whether each digital file uploaded for storage was legally acquired from an eligible source. ReDigi's Cloud and Marketplace only accept lawfully purchased digital media.

12-12-12: The Concert for Sandy Relief concert and television special

12-12-12: The Concert for Sandy Relief was a benefit concert that took place on December 12, 2012, at Madison Square Garden in New York City.

Chris Tsakalakis

Chris Tsakalakis is a Greek-American technology executive. He is the Chief Executive Officer of Vivino. Formerly, Tsakalakis was an Entrepreneur in Residence at Benchmark Capital and a president of StubHub and executive at eBay. A University of Pennsylvania graduate, he began his career in e-commerce in 1996 and joined eBay in 2003. He was president of StubHub from 2007 to 2014, as the company became the world's largest ticket marketplace and a leading sports and entertainment sponsor with more than 90 partnerships worldwide. Because of StubHub’s influence on the entertainment industry, Tsakalakis was named to the Sports Business Journal ’s 2011, 2012 and 2013 lists of the 50 most influential people in the sports business, the Billboard 2012 and 2013 Power 100 lists and the 2010 and 2011 Huffington Post Sports Game Changer lists. Ticket News cited him as "one of the most influential executives in the ticketing industry."

uSell

uSell is a publicly traded recommerce company with headquarters in New York City. It operates as an online marketplace where people can sell used cell phones, tablets, video games, textbooks and gift cards to professional buyers.

References

  1. "Ticket Software, LLC". Better Business Bureau. Retrieved 2013-11-25.
  2. Sisario, Ben (August 28, 2009). "Pssst! Want a Ticket? Hey, I'm Legit. Really". The New York Times. Retrieved 2013-11-25.
  3. "Consumer Reports Tells How to Get the Best Seats for the Best Price at Online Ticket Resellers". PR Newswire. Retrieved 2013-11-25.
  4. "Not Too Late for a Dash to the Games". The New York Times. Retrieved 2014-02-06.
  5. "High-Stakes Olympic Events: Getting Tickets and a Room". The New York Times. Retrieved 2014-02-06.
  6. "Live Toast". Technorati. Retrieved 2013-11-25.
  7. McKinley, James (December 7, 2012). "Benefit's Producers Condemn Scalpers". The New York Times. Retrieved 2013-11-25.