IAC/InteractiveCorp will spin off TicketMaster into its own publicly traded company. Along with the TicketMaster spinoff, IAC is turning other assets into their own publicly traded corporations. The other companies are:
HSN – the Home Shopping Network
LendingTree – online lending exchange
Interval International - an online marketplace for condos
Companies IAC will still own include Shoebuy.com, match.com, ask.com, collegehumor.com, evite and several others. Wall Street characterizes the move a way to increase overall shareholder value. Shareholders in IAC will still have those shares but now they will have shares in the spinoffs also.
The spinoffs will be finalized in about one year.
From a ticket broker’s perspective, this also signals that TicketMaster can be more aggressive in the industry and offer new types of packages. Readers will recognize that TicketMaster put together some Big Game Football Packages over the summer. We can expect more of these types of marketing partnerships. This also tells us the event marketplace is viewed as having a big upside. However big the market gets and whatever packages are put together, this always indicates there is room for the individual ticket broker to do well.
To learn how to make money being a ticket broker, visit www.MyTicketBiz.com.
Wednesday, October 31, 2007
Wednesday, October 24, 2007
Time for Basketball
Every year there are three things happening this time of year. Two of the three are good:
Preparations for Halloween
Politicians knocking on my door soliciting my vote Basket Ball season starts
It should be easy to figure our which ones are the good ones.
Just to refresh everyone, we basketball tickets are good, but we do not like them as much as baseball. A basketball season ticket package has all the convenience and low maintenance as baseball, which we like, but it also has the following
• Higher per ticket cost
• Less games
• Preseason games that some teams sell with the full package
• Bigger sales differentials between weekday and weekend games
• One injury to one player can kill a season for a team
What it does have going for it are a ton of playoff games. This alone can make you a nice chunk of change.
If you have not invested in NBA tickets, do not feel the need to do out and get something today. Many teams will still offer partial seasons after the start of the season. Remember last year, there were several teams that offered current season playoff tickets to people who purchased season ticket packages late in the year. That was a good deal for some.
To learn how to make money being a ticket broker, visit www.MyTicketBiz.com.
Preparations for Halloween
Politicians knocking on my door soliciting my vote Basket Ball season starts
It should be easy to figure our which ones are the good ones.
Just to refresh everyone, we basketball tickets are good, but we do not like them as much as baseball. A basketball season ticket package has all the convenience and low maintenance as baseball, which we like, but it also has the following
• Higher per ticket cost
• Less games
• Preseason games that some teams sell with the full package
• Bigger sales differentials between weekday and weekend games
• One injury to one player can kill a season for a team
What it does have going for it are a ton of playoff games. This alone can make you a nice chunk of change.
If you have not invested in NBA tickets, do not feel the need to do out and get something today. Many teams will still offer partial seasons after the start of the season. Remember last year, there were several teams that offered current season playoff tickets to people who purchased season ticket packages late in the year. That was a good deal for some.
To learn how to make money being a ticket broker, visit www.MyTicketBiz.com.
Wednesday, October 17, 2007
Rockies?
A month ago I would not have guessed the Colorado Rockies would be the NL pennant winner and World Series Opponent. As of this writing they have won
21 of 22 games. That will always get you far.
For the record, we do not have season tickets for the Rockies. They were one of the teams that seemed mired in mediocrity that would not rise.
There were several things about them that seemed to keep the team down
• High altitude stadium that kept quality pitchers away
• A long line of free agent pitchers who had success else where but not in Denver
• Lackluster attendance several years in a row
• Finishing last in their division in 2006
There is an old saying in baseball when a manger or GM is asked what is needed to win a championship. The answer is “pitching, pitching and more pitching”. After you hear that a few times and see what had been happening in Denver the last few years, one can see why we never invested in them.
It does make us want to put my kids little league baseballs in a humidor though.
http://www.iht.com/articles/2006/08/17/sports/ROCKIES.php
At least we have the Indians still. Here is hoping for a seven game series. Also note below that the Rockies World Series Tickets go on sale to the public on Monday.
To learn how to make money being a ticket broker, visit www.MyTicketBiz.com.
21 of 22 games. That will always get you far.
For the record, we do not have season tickets for the Rockies. They were one of the teams that seemed mired in mediocrity that would not rise.
There were several things about them that seemed to keep the team down
• High altitude stadium that kept quality pitchers away
• A long line of free agent pitchers who had success else where but not in Denver
• Lackluster attendance several years in a row
• Finishing last in their division in 2006
There is an old saying in baseball when a manger or GM is asked what is needed to win a championship. The answer is “pitching, pitching and more pitching”. After you hear that a few times and see what had been happening in Denver the last few years, one can see why we never invested in them.
It does make us want to put my kids little league baseballs in a humidor though.
http://www.iht.com/articles/2006/08/17/sports/ROCKIES.php
At least we have the Indians still. Here is hoping for a seven game series. Also note below that the Rockies World Series Tickets go on sale to the public on Monday.
To learn how to make money being a ticket broker, visit www.MyTicketBiz.com.
Wednesday, October 10, 2007
Suing TicketsNow
A North Carolina mom, stood in line to buy some Hannah Montana tickets for her six year old daughter. After a few minutes, the show was sold out before she could get to the front of the line. She then called her family at home to tell them to try and buy some online. No success there. She wound up buying a set of 4 from TicketsNow and spent just over $1000 for them. She subsequent filed a lawsuit against TicketsNow. A link to a copy of her lawsuit is below. (It is worth noting that her legal representation shares the same last name as hers). The lawsuit states
“A sophisticated system and the means (internet, telephone, pre-purchase and in-person) to purchase at face value a number of the tickets”.
It also states
“it being the specific business plan, intent and goal of Defendant to acquire and immediately resale as many of said tickets as possible at grossly inflated prices, which in this case it did to Plaintiff.”
The previous top selling concert tour was the Police. The bulk of that activity was early in 2007. Stubhub has sold 35% more Hannah Montana tickets than the Police. The tour has also exceeded the Police dollar volume by 25%.
When one considers the demand and hype Hannah Montana has generated coupled with distraught parents with upset children – we can only wonder why it took so long for a lawsuit to be filed.
Most state bills passed in the last few years have been in favor of loosening ticket resale laws. North Carolina is going against that trend. While not passed, it is considering a law to limit the number and prices of tickets that are resold.
We will watch this and see how it develops.
http://media.myfoxwghp.com/downloads/documents/hannahmontana-lawsuit.pdf
http://www.wxii12.com/news/14302928/detail.html
http://news.yahoo.com/s/ap/20071001/ap_en_tv/music_hannah_montana_mania
To learn how to make money being a ticket broker, visit www.MyTicketBiz.com.
“A sophisticated system and the means (internet, telephone, pre-purchase and in-person) to purchase at face value a number of the tickets”.
It also states
“it being the specific business plan, intent and goal of Defendant to acquire and immediately resale as many of said tickets as possible at grossly inflated prices, which in this case it did to Plaintiff.”
The previous top selling concert tour was the Police. The bulk of that activity was early in 2007. Stubhub has sold 35% more Hannah Montana tickets than the Police. The tour has also exceeded the Police dollar volume by 25%.
When one considers the demand and hype Hannah Montana has generated coupled with distraught parents with upset children – we can only wonder why it took so long for a lawsuit to be filed.
Most state bills passed in the last few years have been in favor of loosening ticket resale laws. North Carolina is going against that trend. While not passed, it is considering a law to limit the number and prices of tickets that are resold.
We will watch this and see how it develops.
http://media.myfoxwghp.com/downloads/documents/hannahmontana-lawsuit.pdf
http://www.wxii12.com/news/14302928/detail.html
http://news.yahoo.com/s/ap/20071001/ap_en_tv/music_hannah_montana_mania
To learn how to make money being a ticket broker, visit www.MyTicketBiz.com.
Wednesday, October 3, 2007
Montana Money
I have had a few emails from people about some of the Hannah Montana deals they have made. Here are some highlights:
“I would rather not spend 30 bucks to join the MileyWorld.com fan club, but I was able to make $400 from that $30.”
“I posted tickets on a Thursday and sold them on Saturday! I wish every deal was that great”
“I tried for hour on several computers to buy ticket when they went on sale and got nothing. It was very frustrating. I did get the max from a presale (4) but wished I could get more.”
“There have been so many articles about people complaining they could not get little Suzy tickets to Hannah Montana. Do you want some whine with that cheese? I told some of my soccer mom friends that we sold tickets and they got on me about it. It was funny when I told them that my daughter and I were going plus we the money we made on the ones we sold paid for ours and plenty left over for dinner and t-shirts. The next day they were asking what else I did on this.”
To learn how to make money being a ticket broker, visit www.MyTicketBiz.com.
“I would rather not spend 30 bucks to join the MileyWorld.com fan club, but I was able to make $400 from that $30.”
“I posted tickets on a Thursday and sold them on Saturday! I wish every deal was that great”
“I tried for hour on several computers to buy ticket when they went on sale and got nothing. It was very frustrating. I did get the max from a presale (4) but wished I could get more.”
“There have been so many articles about people complaining they could not get little Suzy tickets to Hannah Montana. Do you want some whine with that cheese? I told some of my soccer mom friends that we sold tickets and they got on me about it. It was funny when I told them that my daughter and I were going plus we the money we made on the ones we sold paid for ours and plenty left over for dinner and t-shirts. The next day they were asking what else I did on this.”
To learn how to make money being a ticket broker, visit www.MyTicketBiz.com.
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