eBay-owned StubHub continues to gain ground as it signs a deal with a Comcast-Spectacor primary ticketing agency to allow consumers to resell their unused college sports tickets StubHub’s marketplace. Ticket broker Paciolan joins StubHub’s roster of alliances which already includes Major League Baseball, a couple of pro basketball teams, and a number of universities, including Purdue, Alabama, Stanford, and USC.
The multi-year deal will allow for a lot more flexibility for ticket holders who need to resell their passes. The market inroads for StubHub are sizable, as Paciolan has contracts with over 100 college teams. According to TicketNews.com, Purdue and Florida State will be the first in line, getting into the game with the coming season. More schools will follow in short order.
“Working with Paciolan, we will provide even higher levels of customer satisfaction to our buyers and sellers because now it will be even easier and quicker for them to buy and sell on StubHub,” said StubHub President Chris Tsakalakis in a prepared statement.
Paciolan echoed that enthusiasm: “We are thrilled to partner with StubHub to offer an innovative ticket resale option to college athletics organizations and their season ticket holders,” Dave Butler, CEO of Paciolan, said in a statement. “The StubHub integration also offers athletics programs greater reach to attract new buyers to purchase premium tickets, fill empty seats and increase game-day revenues.”
Comcast-Spectator acquired Paciolan earlier this year as Ticketmaster off-loaded assets to gain approval for its merger with Live Nation.
Creating a closed-loop marketplace for ticket re-selling is a move intended to curb scalping and other fraudulent ticket dealings. A major scalping ring was uncovered earlier this year at the University of Kansas involving staff members. The services provided by StubHub and similar companies are, hopefully, ways to minimize fraud while maximizing sales and attendance.
Bob Bowman, CEO of MLB Advance Media, explained, “Without question, the increasing knowledge that there is a vibrant, safe, legal liquid market for the tickets encourages our fans to buy season ticket packages, since they know they can recoup some of those costs. There’s no one who can go to all 81 games. The clubs don’t benefit from tickets in the drawer.”
Because StubHub doesn’t know the origins of its sellers, scalpers may very well be hawking their wares there, too. As Tsakalakis said, there’s a degree of trust involved. “We don’t know how the tickets are obtained (by) our sellers, and we don’t ask. The onus is on the seller to make sure they follow the law. The assumption here (at eBay) is that people are basically good.”
