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Monday, May 22, 2006 

Ticketmaster validates our assumptions

Ticketmaster is again validating our concept that positions in a line have value. They have always had a ticket auction service, but they are only now beginning to understand what they really had. SuperOyster’s service has a patented service that is analogous to this process, but our services are much more broader and can serve many markets that Ticketmaster is not involved in. What we find interesting is that Ticketmaster has not discovered a way to maximize revenue while sidestepping weird ticketing laws like we have. They have also realized something that StubHub, RazorGator and SuperOyster have been discussing for a while. If you partner with an entertainer, whereas you provide them a piece of the revenue you receive, you have much happier partners. They’ll want to work with you more often.

Here’s a link to the USA Today article discussing this very concept: USA Today and Ticketmaster