An estimated 500 ticket brokers and other ticketing professional descended on the Waldorf=Astoria for Ticket Summit this week, where the attendees networked with their cohorts and learned what the future holds for the secondary ticket market.

The conference and trade show, the largest for the ticket resale industry, kicked off Wednesday night with a cocktail reception and on Thursday brought together a diverse group of ticketing experts who offered insights into all aspects of the secondary ticket market, such as the economics of the industry; what legislative issues lie ahead; and how to boost the relationship between concert promoters and the Broadway theater box offices and brokers, to name a few.

"Over the years, the power of ticket sellers as part of the marketing and promotion for acts has been overlooked," said Jeff Allen, co-owner of promotions company Universal Attractions. "Ticket companies can play a greater part in the marketing and selling of tickets."

Dominating much of the discussions during the various panel sessions was what will happen with the planned merger of Ticketmaster and Live Nation, a proposed deal that has been reviewed by the U.S. Department of Justice (DOJ) for a year, but that no one has an idea of when it will be resolved, though the belief is that DOJ will rule on it sometime in the next few weeks.

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