Stubhub.com

Stubhub.com is a website that connects people seeking and selling tickets to a wide range of events, including concerts, sports games and theater. It is a secondary reseller of tickets, which means it isn't supplied with tickets directly from the venue or artist, but rather works much like an auction. A person with an extra ticket posts that it is available at Stubhub.com and potential buyers bid money on the ticket until time expires. The winning bid gets the seat.http://www.stubhub.com/stubhub-story/

When it launched in 2000, Stubhub filled a gap in the ticket buying process that had not previously been filled. On many occasions, the best seats were purchased by corporate sponsors, media outlets or fan clubs, making it difficult for buyers using traditional venues to purchase tickets and get good seats. When an event sold out, ticket-seekers would have to rely on scalpers or other insecure avenues to get tickets to their favorite shows, and sometimes were scammed and ended up buying fake tickets.http://www.stubhub.com/stubhub-story/

Stubhub provides a secure place to buy and sell aftermarket tickets. To post a ticket, sellers must enter a credit card number for verification purposes, and bidders are only allowed to pay for tickets with a credit card. Once a ticket is sold, the seller is sent a pre-paid Fedex envelope in which to send the tickets. When a buyer buys a ticket, the money is held in escrow until his or her ticket arrives.http://www.stubhub.com/stubhub-story/

Stubhub.com was launched in 2000 by Jeff Fluhr and Eric Baker and was purchased by eBay for an estimated $50 million in 2007. When Fluhr and Baker started the company, ball clubs and concert promoters were unsure of the secondary ticket sellers' merit, but by the time of the sale, Stubhub had 30 partnerships with sports teams and other programs. The site also paved the way for the recognition of secondary ticket sales as a viable market. It has become a $10 billion annual business. After the company's sale, Fluhr became a stay-at-home dad to his newborn son and Baker, who had split with Fluhr prior to the eBay acquisition, began running Viagogo.com, a European secondary ticketing company.http://www.stubhub.com/sites/corpsite/?gsec=news&gact=news&article_id=4315

In 2009, ticket sales on Stubhub.com grew 40 percent while the website's users saw a 16 percent price decrease in tickets purchased using the service. Approximately 14,000 tickets were bought on sold on the site, with an average price of $133.http://www.stubhub.com/sites/corpsite/?gsec=news&gact=press&article_id=10307 In 2010, Stubhub presented a Stone Temple Pilots concert at the SXSW music festival in Austin, Texas.http://www.stubhub.com/sites/corpsite/?gsec=news&gact=press&article_id=10548 Its most recent sponsorship was of the Floyd Mayweather, Jr. and "Sugar" Shane Mosley boxing title match in Las Vegas on May 1.

One of the features offered by StubHub that could not previously be found at ticket brokers was the selling of full season ticket packages. This give fans an opportunity to buy season tickets in a way outside of through the team. This also allows fans looking for season tickets to possibly buy them for below face value rather than through the team. These season tickets are now offered by all four major U.S. pro sports leagues.http://bblmedia.com/buy_sell_season_tickets.html