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| SeatGeek Closes $1 Million Series A Round |
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Founder Collective and NYC Seed latch onto SeatGeek’s current investor line-up including Stage One Capital, Trisiras Group, PKS Capital and angel investors Arie Abecassis, Sunil Hirani, Thomas Lehrman, Allen Levinson and Mark Wachen. The startup essentially forecasts the price of sports and concert tickets on the secondary market, similar to what Bing Travel does for airline tickets. The business model aides ticket buyers in figuring out whether to buy a ticket immediately or wait for a price drop, while at the same time helping sellers identify the optimal time to unload tickets. SeatGeek says its crawlers have helped compile a database of millions of ticket transactions as well as a bunch of other factors that influence prices, data it uses to algorithmically predict ticket prices as accurately as possible. Founded in 2009 after being incubated at DreamIt Ventures in Philadelphia, New York-based SeatGeek has built a database of millions of historical ticket transactions, and uses an algorithm to crunch this data and spit out price forecasts. SeatGeek will henceforth focus on making its data and analytics more accessible to strategic partners, consumers, and the media. Recently, the company partnered with Nielsen Entertainment to bring its ticketing data and analytics to the record industry. In addition, the New York-based company announced the launch of MLB Fan Sentiment pages, which show historical ticketing trends for each team and ranks each team on fan popularity. For example, on the New York Yankees Fan Sentiment page, fans can see how recent events like George Steinbrenner’s death and Alex Rodriguez’ 600th home run chase affected fan interest in the team. SeatGeek says it will roll out Fan Sentiment pages for all major sports teams and artists in the upcoming weeks. Related Articles: Live Nation Unloads U.K. Theatre Division for Approximately U.S. $160 Million Live Nation
, the world's largest live music company, recently announced that it has
closed the sale of its remaining U.K. theatrical venues and operations
to The Ambassador Theatre Group, an owner and operator of regional
theatres in the United Kingdom. In addition, on October 23, 2009,... SeatGeek Launches NFL Ticket Price Forecasts SeatGeek, the leading provider of price forecasting software for
sports and concert tickets, today announced the launch of NFL ticket
price forecasts.
One Million World Cup Soccer Tickets Go on Sale Another one million 2010 World Cup tickets are available and Africans are encouraged to buy. This was the message at the launch of the third ticketing phase in Johannesburg yesterday.
United States, in 2009 one million spectators at concerts 'ticketless' Access to concerts without a paper ticket (if presented just outside the entrance with an ID, credit card and a printed proof of purchase from the PC) is already a reality in the United States, where promoters are beginning to counter on-line auctions, touts and the secondary ticketing.
Manchester City Loses 92.6 Million Pounds Manchester City the biggest annual loss ever reported by an English
football club, recording a loss of 92.6 million pounds - to
May 31 2009
The figure, recently announced on the club's website (www.mcfc.co.uk)
does not include last summer's 117 million pounds
spending spree on Emmanuel... Beyoncé paid $2 million performing for Colonel Gaddafi’s son? He can certainly afford the ticket and “Hannibal” Gaddafi was sure to have a ringside seat when Beyonce Knowles gave her raunchiest best at a private performance this New Year’s Eve on the Caribbean island of St. Barts.
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