Company Website:
http://www.stubhub.com
SAN FRANCISCO -- (Business Wire)
StubHub, a leading ticket marketplace, has filed a lawsuit against
Ticketmaster and the Golden State Warriors’ front office. As stated in
the Complaint, StubHub seeks to stop unfair and illegal anti-competitive
business practices that prevent fans from deciding how they want to
resell their tickets and which artificially drive up ticket prices.
The Complaint recounts that Ticketmaster and the Warriors’ front office
broke our nation’s antitrust law and California law against unfair
competition by cancelling fans’ regular-season and playoff-game tickets
when those fans chose to use StubHub and other competitive exchanges to
resell tickets. In many more cases, the Complaint says, Ticketmaster and
the Warriors’ front office broke the law by unlawfully threatening fans
with cancellation to force them to use Ticketmaster’s resale exchange
exclusively.
StubHub strives to compete fairly, ensuring that fans only pay
market-driven prices based on actual supply and demand. We believe fans,
not front-office executives, have the right to decide how – and for how
much – resale tickets will be bought and sold.
According to the lawsuit, despite repeated requests by StubHub, the
Warriors and Ticketmaster executives allegedly refused to play fair, to
respect the fans, and to obey the law. StubHub’s only option therefore
remains to seek relief in federal court to stop these anticompetitive
business practices. StubHub simply wants Ticketmaster and the Warriors'
front office to embrace competitive efforts rather than monopoly tactics.
The lawsuit, which can be seen here,
describes in detail the systematic, anticompetitive behavior that causes
fans to suffer financial harm for the sole purpose of creating a
monopoly for the resale of Warriors tickets.
Fifteen years ago, StubHub was started by fans to serve fans. Today
that’s still our focus. We will keep fighting for open, fair ticket
markets and the right of fans to make their own choices.
Contacts:
StubHub
Glenn Lehrman, 917-533-5998
glehrman@stubhub.com
Source: StubHub
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