Insights

Coachella Tickets Are Selling At Face Value on StubHub (And That’s a Good Thing)

SOURCE: Amp the Mag

Want to go to Coachella? Tickets on the secondary are cheaper than they’ve ever been. Weekend 1 tickets are going for $520, which is only a $120 markup over face value. Tickets for Weekend 2 of Coachella are actually selling at or below face value. You could also buy a VIP ticket for $800, about $100 cheaper than when they went on sale in January.

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Resale market for Super Bowl tickets slips after Cowboys ousted

Source: ESPN

The Super Bowl ticket resale market slumped minutes after the Dallas Cowboys lost to the Green Bay Packers on Sunday night.

Before Sunday’s playoff game, the cheapest ticket to Super Bowl LI on StubHub was $4,195. Shortly after the Cowboys were defeated 34-31 on a field goal as time ran out, the get-in price was down 20 percent to $3,349. Tickets in the lower end zone dropped 18 percent to $4,307.

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Resale Ticket Prices Surge For CFP Championship Game Rematch

Source: Sports Business Journal

Average resale prices for tonight’s Alabama-Clemson CFP title game in Tampa have reached $1,226, according to SeatGeek. That is more than twice the comparable figure for last year’s matchup in Glendale, Ariz., and the highest in the three-year history of the CFP.
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Cancelled Saint Pablo Tour Means $30M Loss for Kanye

Source: Amp the Mag

If Kanye West cancels the remaining 20 dates on his Saint Pablo tour, he’s looking at a loss of about $30 million in ticket sales that will have to be refunded to fans.

Couple that with unrecoupable production and advertising costs for promoting the final leg of the tour, combined with the hole it will leave in the booking calendars of major east coast venues like Brooklyn’s Barclays Center which had Yeezy booked for New Years Eve, and the damage quickly adds up into the mid-eight figures.
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How Academic & Professional Partnerships Work: Baylor S3 Pro Day

Source: Baylor S3 Report

If we, will you?

In 2003, the Baylor Sports Sponsorship & Sales (S3) program began the day we walked into the San Antonio Spurs offices and asked Russ Bookbinder, “If we did this, would you help?”

Darryl Lehnus and I then set out to every other team in Texas asking the same question, getting feedback, making adjustments and gaining support to launch the program in 2004 with the first graduating class in 2006. Students will get a kick out of watching the original S3 promo video. The keys, then and now, to make academic and professional partnerships work are simple:

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Houston companies dominate 2016 Aggie 100 list, including No. 1 spot

Source: Houston Business Journal

More than one-third of companies on the 12th-annual Aggie 100 list are based in the Houston area, including the No. 1 company.

Through the awards, Texas A&M University’s Center for New Ventures and Entrepreneurship in the Mays Business School recognizes the 100 fastest-growing Aggie-owned or -managed businesses in the world. The companies are ranked by compound annual revenue growth from 2013 to 2015.

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Cubs’ runaway victory creates spike in price of Game 7 tickets

Source: Darren Rovell, ESPN

As the Cubs went up 7-0 early in Game 6 of the World Series against the Indians on Tuesday night, tickets to Game 7 on the resale market exploded, as Chicago fans undoubtedly felt the need to be in Cleveland to potentially celebrate the team’s first title in 108 years.
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Eventellect Scholarship Success

Source: Press Release

On September 21-22, Eventellect sponsored 11 undergraduate and MBA students to attend the 2016 AXS Ticketing Symposium in Minneapolis, Minnesota.

Our scholarship program was a great success this year. At the symposium, the students were given the opportunity to learn about the newest trends in ticketing while meeting key industry leaders, such as Bryan Perez, Jake Reynolds, Shawn Doss, Jim Kadlecek, Paul Epstein, Don Rovak, Bryant Pfeiffer, Mike Burch, and Leigh Castergine.

The Eventellect team wants to thank everyone who helped make our scholarship program a success.

Thank you!

A More Transparent Secondary: How Eventellect Works With The Primary For a More Equitable Marketplace

Source: Amp the Mag

“We are in the business of servicing teams and content providers,” he said. “We’re going to be focused on the pricing to help you hit your revenue goals and protect your brand. We’re hyper-focused that we don’t send people into venues who are sitting next to season ticket holders who paid double what the person on the secondary market paid.”

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MLB attendance shows shifting ticket landscape

Source: Sports Business Journal

Houston-based Eventellect, which has formal relationships with several MLB teams, said it saw the largest amount of baseball ticket spoilage this season in its nine-year history. “There’s been a growing trend in which the high-demand games are fetching really high, robust prices. But for the lower-demand ones, it’s almost as if nothing outside of a bobblehead giveaway really gets people to go,” said Patrick Ryan, Eventellect co-founder.

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ScoreBig Giving Venues A List Of Orders Amid Money Woes, Likely Angering Ticket Brokers

Source: Sports Business Daily

Eventellect co-Founder Patrick Ryan on Friday also tweeted, “ScoreBig is creating a mess by sending venues a list of potential canceled tickets. They should have worked directly with the seller.”

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NFL announces new plan for Super Bowl tickets

Source: ESPN

“I think this is a long time coming and there have been other entertainment companies, teams and leagues that have started the trend of using the secondary market to maximize their ticketing revenue. Whereas before the profits would lay with the individual broker now they are structuring relationships where the profit goes back to the content providers.”