EBay-owned ticket reseller StubHub announced that it is filing suit against Ticketmaster Entertainment, Inc., the nation's primary ticket seller for sporting and entertainment events, and the NBA's Golden State Warriors, the team that some boast is now "clearly, clearly the best team in the league" and may have this season's MVP as its leader. In the complaint filed on Monday, StubHub alleges that Ticketmaster and the NBA team engaged in "unfair and illegal anti-competitive business practices that prevents the fans from deciding how they want to resell their tickets and which artificially drives up ticket prices." You can read the full complaint here at your own pleasure.
I know what you are thinking. How can a company and a team prevent fans from reselling tickets in the secondary market where StubHub operates, especially when Ticketmaster is mostly known for operating the initial sale of the team's tickets in the primary market?Read More
Since most of us are dedicated to sitting in front of multiple televisions addicted to March Madness, I decided to present this post in a more interactive format to liven up your life. If you are curious as to why the NCAA Men's Basketball Tournament revenues are distributed the way they are or would like to learn how they are distributed to begin with, this is for you. The madness in March is not just in the games themselves. It also has roots (or, should I say, a lack thereof) in the Sports Broadcasting Act of 1961.Read More