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Seatwave says secondary ticketing booming
By CMU Editorial | Published on Wednesday 4 March 2009
More good-news-despite-the-recession news. Well, good news for those in the secondary ticketing market. Less so for those promoters and artist managers who hate the growth of ticketing touting.
Secondary ticketing website Seatwave has said that the ticket resale market continues to grow despite the current economic climate, with the number of overall transactions up 66% compared to the third quarter of 2008, and up 232% year on year.
There was most increase in the resale of tickets for theatre productions and sporting events, possibly because audiences for theatre and sport are only just discovering the online ticket tout markets. That said, concert transactions were up 154% year on year too.
Seatwave founder and CEO Joe Cohen said this: “The huge rise in transactions is evidence that the secondary market is filling a genuine customer need. Our open marketplace is lowering prices, increasing transparency and providing greater choice and opportunity, allowing real fans the chance to attend the events that matter to them”.
