Amazon looking to branch out into ticket sales

We’re not saying Amazon is run by super-villains but… If you’ve attended a major concert in the past 25 years, you know how prohibitively expensive concert tickets can be. The main distributor, Ticketmaster, is infamous for its outrageous service fees. At one point, the grunge rock mainstay band Pearl Jam refused to do business with Ticketmaster because they felt their fans w ...Read the full article

Amazon Prepares To Challenge Ticketmaster By Offering Event Ticketing

Amazon is seeking to partner with U.S. venue owners to sell event tickets, a move that could loosen Ticketmaster's powerful grip on the lucrative ticketing business. If the deal moves ahead, it would represent the latest attempt by the world's largest online retailer to use its massive customer base, tech savvy and bargaining power to turn a big market upside down. The Seattle-based company sees an opportunity with consumers dislike for ticket fees, and venue owners, sports leagues and teams desire to find more distributors for their tickets as a means to boost sales. Currently Ticketmaster, owned by Live Nation Entertainment Inc, is the exclusive seller of tickets for many top venues in the United States. http://feeds.reuters.com/~r/Reuters/domesticNews/~3/guYwuAkkcL4/us-amazon-com-ticketing-idUSKBN1AQ2DB http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com