Yesterday, TicketMaster announced that they will be suing eBay Inc. and StubHub, a property owned by eBay over interference of contractual rights. Ticketmaster is owned by IAC/InterActiveCorp.Â
eBay had acquired StubHub on January 10 for $310 million and last month, TicketsNow another company with a similar service-line raised $34 million in funding.Â
The lawsuit was filed at the Los Angeles County Superior Court and the case focuses on a specific music tour. The lawsuit filed by Ticketmaster implies Ticketmaster does not approve of the secondary ticketing market.
[Information Source: Wall Street Journal]
Ticketmaster wants to own the secondary market! Ever hear of http://www.ticketmaster.com/ticketexchangehome/ ?