Hydrocare Pool Services Pty Ltd offer 25 years of experience in aquatic industry features, products and water treatment. Hydrocare Pools has undertaken water treatment for aquatic centres and…read more
eBay undertaking strategic review of StubHub ticket resale marketplace
eBay has advised that it is making “significant progress” in determining the role of StubHub in its portfolio, with indications that the USA-based ecommerce giant is considering a sale of the secondary ticketing marketplace.
Activist shareholder pressure earlier this year prompted eBay to agree to consider a sale of the San Francisco-based ticket operation, which has quickly risen to become a dominant player in resales of USA sports tickets. Since that move in March, eBay has initiated a strategic review of both StubHub and its classified advertising unit.
eBay President and Chief Executive, Devin Wenig has confirmed progress is being made in the review with market expectations of a StubHub sale has helped prompt a 35% risein the company’s stock price so far this year.
Wenig advised “we’re focused on determining the best path forward to create shareholder value.”
The potential sale of StubHub would be significant for US sports ticketing landscape, with the company having official relationships with hundreds of pro and college teams and leagues, notably Major League Baseball and the National Football League.
It has also helped spur industry adoption of mobile-based ticketing.
StubHub, meanwhile, generated US$264 million in revenue for its first financial quarter (April to June) a rise of 7% from the comparable period last year, and US$1.1 billion in gross sales, up 5%. Company executives in part credited longer playoff series in both the National Basketball Association and National Hockey League, and additional resulting sales from those extra games, as well as strong markets for the UEFA Champions League final and FIFA Women’s World Cup for the growth.
17th July 2019 - Google suspends Viagogo from paid-for global search results
1st September 2017 - Google urged to block online resellers who dupe ticket buyers
23rd November 2017 - Google updates AdWords policy to restrict online ticket scalpers
8th December 2018 - Viagogo agrees to UK competition authority demands on ticket resales
27th August 2018 - SeatGeek to exit Asia-Pacific and non major entertainment and sport markets
6th November 2018 - Hong Kong Consumer Council calls for overhaul of ticket resale laws
19th May 2008 - Pilbeam Slams Madonna Ticket Reselling
7th December 2016 - Overseas authorities introduce anti ticket scalping legislation
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Solarwise NSW / Dolphin Tech were the first and are the largest Dolphin dealer in NSW with a full service facility and full range of spare parts "on the shelf". We also provide on site…read more
We are Aussie Strength. The ultimate supplier for Commercial Gym Equipment that's built to deliver in the toughest environments. From USA-Built hardcore weight training equipment from Arsenal…read more
Les Mills Asia Pacific Les Mills Asia Pacific (LMAP) have been setting the benchmark for providing professional fitness solutions across Australia and South East Asia since 1996. Our world renowned…read more
PathMinder Pty Ltd have partnered with AllUser Industries srl to bring Europe’s most advanced high security portals to the Australian and New Zealand markets. AllUser Industries started to…read more
Centaman has been a market leader in Enterprise Software Solutions for the leisure and recreation industry and both profit and not-for-profit attractions since 1991. It offers a wide range of software…read more
Fitness On Demand™ is a market-leading developer of virtual group fitness products. Our innovative video delivery systems offer robust content and a simple-to-use, comprehensive web app. Fitness…read more
JonasLeisure offers a complete range of leading leisure and recreation software brands – envibe, Centaman, Gladstone Health & Leisure, The Retention People, Nutrition Complete and…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!