STubhub has filed a lawsuit against Ticketmaster. The suit claims that Ticketmaster and the Golden State Warriors have violated law by cancelling or threatening to cancel season tickets if the tickets are sold anywhere else but on Ticketmaster. Stubhubs suit says that Ticketmaster also delays delivery of tickets to prevent resale on other marketplaces. Stub Hub general counsel Michelle Fang said “we are concerned that this it going to be something we will see more and more of” (Associated Press).
GF Strategies sees this lawsuit as very important in the future of where the secondary market is heading in ticket sales. If teams can lock out a buyer from selling on other markets other than one, this could harm the free market.
April 1, 2015
GF Strategies Newsletter, hot off the press, sports trend watch