Music Industry

eBay just sold StubHub to a rival ticketseller for US$4.05 billion

This will give you an idea of how big the market is for secondary ticket sellers. Ebay, which bought StubHub for US$310 million in 2007, unloaded the division to London-based Viagogo today (November 25) for US$4.05 billion. Not a bad return on investment, huh?

If all the regulatory stuff goes through as expected, the sale will close sometime early next year.

Get this: Eric Baker was the co-founder of StubHub when he was in business school. When he sold to eBay, he went on to found–wait for it–Viagogo.

What does this mean for the overall ticket reseller market? Well, the biggest just got bigger. We’ll see.

More at Music Business Worldwide.

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 40+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

Alan Cross has 38529 posts and counting. See all posts by Alan Cross

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