July 24, 2010 by Post Team
Ticketfly, Competition TicketFly Ticketmaster: 30 Percentage fees lower – The fusion between Ticketmaster and Live Nation have multiple implications for the entertainment industry. Ticketmaster is currently the world’s largest ticketing company and Live Nation is the largest sponsor of the event. The merger will affect many companies within their industry and change the face of how to deal with concerts from here on out.
“Ticketfly is a great choice for anyone who does not want its competitors sell their tickets,” said Seth Hurwitz, a client of the firm. “These guys were the first to sell tickets online and not surprisingly they have a lot of great ideas and positive energy. It is precisely such types that this industry needs.”
It will be interesting to see how the two companies use each other to promote events. Ticketfly has emerged as an alternative that is gaining popularity all over the web. The company was founded in 2008 by Andrew Dreskin, and has raised millions of dollars to compete with TicketMaster.
The Company recently announced it will offer rates that are 30 percent less than Ticketmaster. With two giants to join forces, TicketFly was forced to cut prices to compete. The service is, however, unable to get rid of their fees in full, as part of that money goes to artists, managers and promoters.
It will be interesting to see whether the company will be able to legitimately compete with Ticketmaster, which seems to have the market on lock. Should lower their fees to attract customers to give their service a try.
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