Post by hooty on Apr 20, 2007 16:55:29 GMT -5
Ticketmaster sues StubHub
Ticketmaster has sued eBay Inc. and its StubHub subsidiary alleging violations of contracts provided to Ticketmaster, according to a Thursday report in the Wall Street Journal.
The suit charges that sales of tickets from StubHub to the Lynyrd Skynyrd and Hank Williams Jr. "Rowdy Frynds" tour on May 5 in Charleston, W. Va., were selling for $250 each. Ticketmaster's highest ticket price for the tour is $70.
The company is seeking all of StubHub's revenue from the "Rowdy Frynds" tour, in addition to punitive damages and a permanent injunction preventing future business practices that violate the company's contractual rights, the Journal said.
The suit also charges that StubHub, along with other unnamed parties, threatened various client venues to obtain tickets, telling them they "might not be considered as venues for future live-entertainment events," the Journal reported.
According to the Journal, the suit did not mention how many tickets were involved, but it alleges the practices were "part of a larger scheme to diminish Ticketmaster's role in the sale of tickets."
The Journal reported a StubHub spokesman said it would be "premature" for the company to comment because it had not seen the documents.
The top face value of a "Rowdy Frynds" ticket is $70. The top price of a premium ticket on StubHub is $250, at venues in Greenville, S.C.; Charleston, W.Va.; Nashville; and New Orleans.
Ticketmaster has sued eBay Inc. and its StubHub subsidiary alleging violations of contracts provided to Ticketmaster, according to a Thursday report in the Wall Street Journal.
The suit charges that sales of tickets from StubHub to the Lynyrd Skynyrd and Hank Williams Jr. "Rowdy Frynds" tour on May 5 in Charleston, W. Va., were selling for $250 each. Ticketmaster's highest ticket price for the tour is $70.
The company is seeking all of StubHub's revenue from the "Rowdy Frynds" tour, in addition to punitive damages and a permanent injunction preventing future business practices that violate the company's contractual rights, the Journal said.
The suit also charges that StubHub, along with other unnamed parties, threatened various client venues to obtain tickets, telling them they "might not be considered as venues for future live-entertainment events," the Journal reported.
According to the Journal, the suit did not mention how many tickets were involved, but it alleges the practices were "part of a larger scheme to diminish Ticketmaster's role in the sale of tickets."
The Journal reported a StubHub spokesman said it would be "premature" for the company to comment because it had not seen the documents.
The top face value of a "Rowdy Frynds" ticket is $70. The top price of a premium ticket on StubHub is $250, at venues in Greenville, S.C.; Charleston, W.Va.; Nashville; and New Orleans.
