AOL Launches Secondary Ticket Marketplace
TicketsNow.com Joins StubHub as AOL Ticketing Partners; AOL.com
Becomes One of the Most Complete Ticketing Websites Online
NEW YORK, August 23, 2005 - AOL.com is now a one-stop-shopping
resource for competitively priced "secondary tickets" - those
available for resale by the consumer -- at AOL's new Ticket
Marketplace, available to everyone on the Web at
www.AOLCityGuide.com.
By combining the ticket inventories of TicketsNow.com, a leading
online destination for secondary tickets, with AOL's current
partner, StubHub, the leading open marketplace dedicated to
tickets, the new AOL Ticket Marketplace now offers buyers easy
access to a vast selection of both primary and secondary tickets.
In addition, individual sellers can post their tickets for sale to
one of the largest audiences of prospective buyers on the Web.
Laptop Battery The AOL Ticket Marketplace makes AOL's Ticket Center one of the
most comprehensive online resource for both primary and secondary
tickets in one easy-to-use service. The AOL Ticket Center offers
tickets to more than 40,000 events at more than 6,000 venues.
Katz runs the company with 22 paid employees and 300 volunteers who give technical support to new users and are compensated with free memberships (remember those days at AOL ). He rents space in two AT&T data centers, one in Manhattan, another inSecaucus, N.J., with $700, 000 worth of computer equipment, end servers from Dell Computer and five IBM Unix servers. The $2 million annual payroll is his biggest expense.
Thinkpad "When we launched AOL's ticketing service four
years ago, we simplified the
ticket-buying experience by bringing the inventories of all the
major ticket services under one roof - something that had never
been done before," said Scott Richman, Vice President and
General Manager, AOL(r) CityGuide. "With the launch of the
Ticket Marketplace, we're taking it one step further by creating
a centralized home for secondary tickets to provide a new level
of
customer convenience."
StubHub will be recognized as the "Official Secondary Ticket Marketplace" of the Austin Wranglers organization, where fans can easily buy or sell their tickets in the leading open marketplace dedicated to tickets. Wranglers fans with extra tickets can utilize the service and recoup an otherwise lost investment, while fans seeking tickets will have access to the widest selection of seating options. Boasting a young and talented roster, and supported by a highly respected front office, the Wranglers are poised to bring sustained success to their loyal fans.
Microsoft "The Ticket Marketplace is a remarkable new resource for Web
users," said Kenneth Dotson, Chief
Marketing Officer for
TicketsNow. "We are pleased to partner with a company that
shares our commitment to provide safe and convenient ways to
purchase event tickets on the secondary market."
AOL's entry into secondary ticketing required a great deal of diplomatic finesse, according to Geno Yoham, who oversees both the company's City Guides and its ticketing business. AOL had already invested a lot of time and effort to persuade five ticketing giants, including Ticketmaster and Major League Baseball's Tickets.com site, to display their wares side by side, he said. Now it had to persuade those same established companies to work alongside scalpers.
Laptop Computers "StubHub is pleased to team with AOL CityGuide to continue our
support of the AOL community," said StubHub CEO Jeff Fluhr. "Any
sports, music, or theatre fan can now buy
or sell their tickets even more conveniently through our open
marketplace."
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Laptop Computer The Ticket Marketplace offers a variety of tickets for all major
concert tours and sporting events. Fans can also sign up for AOL's
Ticket Connect Alert for up-to-the-minute information about new
tours going on sale, presales and special ticket offers.
In 1999, with no venture capital, Mike launched the TicketsNow Web site. The online business instantly captured the attention of the secondary ticketing industry as well as the media, including Inc. Magazine, which featured TicketsNow as one of the "Great Companies Started for $1, 000 or Less." In 2001, under Mike's direction, the company' in. edge technology and subsequent programs have established TicketsNow as the world's largest and most trusted online marketplace for premium event tickets.
Desktop Computer
About America Online, Inc. America Online, Inc. is a wholly owned
subsidiary of Time Warner Inc. Based in Dulles, Virginia, America
Online is the world's leader in interactive services, Web brands,
Internet technologies and e-commerce services.
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