Ticket resales thriving in recession, StubHub says - Digits - WSJ
June 11, 2009
The ticket-reseller market is going strong despite lower selling prices and new challenges from primary sellers, such as Ticketmaster’s paperless initiative, says StubHub.
Though the average price of a ticket on eBay-owned StubHub fell to $102 in 2008 from $112 in 2007, it began seeing gains in transaction volume and sales late in the year. Its first-quarter ticket sales rose 16%, while transaction volume climbed 26%, and StubHub President Chris Tsakalakis said it expects even stronger results in the second quarter...
The ticket-reseller market is going strong despite lower selling prices and new challenges from primary sellers, such as Ticketmaster’s paperless initiative, says StubHub.
Though the average price of a ticket on eBay-owned StubHub fell to $102 in 2008 from $112 in 2007, it began seeing gains in transaction volume and sales late in the year. Its first-quarter ticket sales rose 16%, while transaction volume climbed 26%, and StubHub President Chris Tsakalakis said it expects even stronger results in the second quarter...
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