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01|15|2008 03:23 am EDT

TicketMaster Acquires TicketsNow.com

by Adam Strong in Categories: Up to the Minute

IAC owned TicketMaster has purchased ticket after-market company TicketsNow.com for $265 million.  TicketsNow.com has been a popular choice among domain developers when incorporating ticketing solutions into their sites. As examples, geo domains such as Chicago.com and premium domains such as TheaterTickets.com use solutions from TicketsNow.com

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4 Comments

[…] se ha hecho muy popular entre los domainers y webmasters, al crear un servicio para incluir en tus webs de venta de tickets de tu zona, lo cual […]

Obnoxious Mods

January 15, 2008 @ 8:26 am EDT

[…] … from Domain Name News  […]

alex

January 16, 2008 @ 1:28 pm EDT

Response to Ticketmaster / Ticketsnow merger
Miami based Ticketsofamerica.com President CEO Michael J Lipman is encouraged by publicly traded companies such as Ebay and IAC’s ability to foresee the opportunities in the billion dollar secondary resell market and believes they will pave the way for future merger and acquisitions.
The acquisition of Ticketsnow is a surprising move for Ticketmaster since the majority of tickets posted on Ticketsnow’s website are ticket brokers’ inventory, may of whom will now pull the plug by not listing them anymore as a result of this partnership. Ticketsnow’s business model caters to brokers and the majority of the web hits are from fellow brokers, not from fans listing inventory.

Ticketmaster, a dominant primary market ticket seller, actively encourages teams and concert promoters to buy and then sell their tickets on Ticketmaster’s secondary market exchange. As a result of losing several legislative battles in states such as New York and being investigated in states such as Missouri, Ticketmaster’s “Ticketexchange” and “auctions” have failed in the public eye. Ticketmaster must use the Ticketsnow brand name to market premium seats to events such as Hannah Montana to the secondary market which will inflate the prices.

The law of supply and demand dictates the price of tickets on the secondary market, consumers reselling their tickets on the Internet are a contributing factor for what the market price is, reputable companies such as TicketsofAmerica.com , Ebay, and Stubhub encourage fans to buy/sell at market prices which often times causes prices to sell at less than face value. Ticketmaster, Promoters, Sports Teams, and Venue partners often hold back the supply of tickets which artificially inflates the prices by hyping the scarcity of supply and deceiving the public by saying “sold out.” This is not in the best interest of the consumer and prices are never going to be less than face value or at true market price.

Dale

January 18, 2008 @ 11:59 am EDT

Obviously this is Ticketmaster’s bid to revive its connections to the consumer. I think based on recent news and happenings that TM has started to realize that it has estranged the ticket buying public by taking the flack that the venues ought to be taking.

I’m an optimist and I believe this is Ticketmaster being honest with the fact that reselling will happen and should happen… but should be done in a controlled way so that the Hannah Montana thing doesn’t happen again. Makes good business sense and it will protect the consumer from being FORCED to buy after-market priced tickets. This is a good thing for the consumer.

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