Amazon looks to challenge Ticketmaster — GeekWire

Amazon Wants to Sell Tickets to Your Next Concert, Sporting Event

The possibilities for Amazon Prime members to get exclusive ticket deals feels like a natural move since everything Amazon does is about getting customers to sign up for a Prime account... Amazon has been in discussions about potentially entering the event ticket sales market, according to Reuters. The commerce giant has eyed the space, which is largely dominated by Live Nation's Ticketmaster in the USA, and found it a space for plenty of potential opportunity, according to the outlet's sources. And Reuters claims there's appetite on the side of sports leagues, venue operators and sports teams, since they hope to grow ticket sales in general with some variety in distribution avenues.

After vaulting as much as 12.5% today to a 52-week high after a robust earnings report, Live Nation Entertainment (NYSE:LYV) has shed the bulk of the gains, now up just 1.3%, after Reuters reports (AMZN -2.6%) is looking to partner with venues on offering its own event ticketing.

Amazon has been aggressive in its negotiations, as Reuters notes that the company has reportedly been willing to provide multi-million dollar sponsorships to venues in order to get its foot in the door.

Amazon has had conversations to partner with Ticketmaster as a potential way to get into ticketing in the United States, but those conversations have stalled over who would control customer data, according to sources with knowledge of the conversations.

Especially within the concert and events market, Amazon could have substantial room to challenge competitors like Ticketmaster, which have generally suffered from a less-than-stellar reputation among buyers who dislike service charges and other common fees.

Trump touts power of U.S. nuclear arsenal amid N. Korea tensions
While Winnefeld doesn't believe that North Korea will use their weapons, he is concerned about the country selling them instead. He said the key focus for the maintaining the "twin pillars of deterrence " which include missile defense capabilities.

Esha Gupta again!!! Now covered assets with Pomegranate
The actress who is planning to launch her own lingerie line has been teasing fans with a new picture on a daily basis. Things end up in a wrong way! Be it on screen or off screen the modern actresses are pretty "bold" these days.

Taylor Swift Takes the Stand in Trial Over Groping Allegation
Mueller has his right hand concealed behind her rear end, and Swift appears to have shifted her hip slightly away from him. The photo, leaked past year and shown in court, shows Mueller with his hand hidden from view below Swift's lower back.

Amazon did not return a request for comment.

Ticketing would likely make money for Amazon, which has a patchy record of profitability.

Amazon has offered to write sponsorship checks worth millions of dollars to the venues, one of the sources said.

"It's all about Prime", said Brandon Ross, an analyst at BTIG.

Related news:

Hot News

isis-killer-beheading-video-story-top Hit Records For Global Temperature And Climate Extremes
Aug 11, 2017 - 07:40
Scientists who collected data for the report attribute the record heat to long-term global warming and El Niño. He said the region has seen changes even in the short time since the last report, four years ago.

isis-killer-beheading-video-story-top Mbalula demands answers from Manana's police guards
Aug 11, 2017 - 07:33
And equally, that's a matter that concerns me, because the police that guard him are the police that report directly to me. Mbalula said he would unveil a new programme of action on Friday to remove barriers to reporting domestic abuse crimes.

isis-killer-beheading-video-story-top Chelsea v Burnley: Premier League preview, line-ups & predictions
Aug 11, 2017 - 07:21
He has been at City since age 6, and was selected on the bench for the Champions League game against Celtic in December. "They are getting rid of players who are experienced and from who you know exactly what you're going to get".

isis-killer-beheading-video-story-top A snapshot of Guam before US-North Korea conflict and now
Aug 11, 2017 - 07:02
The rotations also came as North Korea increasingly upped the ante in the standoff over its development of nuclear weapons. It did so to compensate for USA forces diverted from other bases in the Asia-Pacific region to fight in the Middle East.

isis-killer-beheading-video-story-top Acadia Realty Trust Announces $0.26 Per Share Quarterly Dividend
Aug 11, 2017 - 06:54
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . November 3 investment analysts at Wunderlich kept the stock rating at "Hold" and moved up the price target from $6.75 to $7.00.

isis-killer-beheading-video-story-top Critics Slam Trump's 'Substance-Free' Plan to Address Opioid Crisis
Aug 11, 2017 - 06:45
He said the country has grappled with drug problems before, such as a wave of LSD and other drugs when he was growing up. The CDC says opioids are still being given to patients in inappropriate amounts, especially in certain areas.

isis-killer-beheading-video-story-top Martin Keown hails West Ham United's Manuel Lanzini
Aug 11, 2017 - 06:37
Hernandez repeatedly referred to the Theatre of Dreams as his "old house" yesterday and he is expecting an emotional homecoming. With no back-up keeper, West Ham United would certainly face a crisis should Joe Hart get injured.

isis-killer-beheading-video-story-top Chevy Chase Trust Holdings Inc. Sells 255 Shares of Macy's Inc (M)
Aug 11, 2017 - 06:09
Wunderlich reiterated a "buy" rating and issued a $24.00 target price on shares of Macy's in a research note on Friday, May 5th. Macy's Inc . ( NYSE: M ) posted its second quarter results for the fiscal year and beat estimates in both revenue and earnings.

isis-killer-beheading-video-story-top Blackstone, Starwood Merging Rental Home Businesses
Aug 11, 2017 - 05:42
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . On June 5 analysts at Evercore ISI Group added the stock to its research portfolio with an initial rating of "In-Line".

isis-killer-beheading-video-story-top Knicks and Rockets re-engage in Carmelo Anthony trade talks
Aug 11, 2017 - 05:23
Trade talks were paused in mid-July, but Anthony could not be convinced to add more teams to his "wish list", according to ESPN . Wojnarowski reported that Perry "has been far more particular about the package he'd want in return for Anthony ".

isis-killer-beheading-video-story-top Watching The Trendlines for Bovis Homes Group PLC (BVS.L)
Aug 11, 2017 - 05:19
Crawford Investment Counsel Inc decreased Paychex Inc (NASDAQ:PAYX) stake by 16,800 shares to 733,269 valued at $44.64M in 2016Q4. Cryder Capital Partners Llp holds 5.76% of its portfolio in PAREXEL International Corporation for 196,334 shares.

isis-killer-beheading-video-story-top Dollar slumps, Tokyo tanks as North Korea tensions spike
Aug 11, 2017 - 04:58
Gold for immediate delivery rose 0.6% to $1,285.29 an ounce by 2:56 NY after touching $1,287.92, the highest since June 8. Against the Swiss franc, it fared slightly better and was broadly flat on the day at 1.1319 francs per euro.

isis-killer-beheading-video-story-top Beijing says U.S. destroyer violated China's sovereignty & security
Aug 11, 2017 - 04:52
The sea is crucial for Chinese foreign trade serving as a major transportation route for minerals, energy and Chinese-made goods. Responding to the so-called incursion, China's foreign ministry said it "severely harmed China's sovereignty and security".

isis-killer-beheading-video-story-top US Gov't Report Confirms 2016 Was the Hottest Year on Record
Aug 11, 2017 - 04:40
Global sea levels achieved a new record high in 2016, the sixth year in a row that Earth has seen an increase in sea levels. It was 3.5 parts per million higher than the previous year, the biggest jump in the 58 years it has been recorded.

isis-killer-beheading-video-story-top University of Minnesota football coach finds creative way to award scholarship
Aug 11, 2017 - 04:17
He introduces Kyle Tanner, who's recovering from a bone marrow transplant, and asks him about his favorite player. Justin Juenemann is a red shirt senior placekicker for the University of Minnesota.