http://www.eticketpros.com/The late 1990s and early 2000s saw the emergence of online ticket brokering as a lucrative business. Corporate ticket marketing company Ticketmaster developed a strong online existence, controling the online market. But by 2006 Ticketmaster's stranglehold on the industry loosened with the development of other online ticket brokering business, such as StubHub who victoried Major League Baseball's ticket resale company over Ticketmaster.
Securities analyst Joe Bonner, who tracks Ticketmaster's moms and dad business New York-based IAC/InterActiveCorp, told USA Today: "You need to take a look at the secondary market as something that is a genuine threat to Ticketmaster. They missed the boat. StubHub has actually been around a couple of years now currently. They weren't as proactive as they probably must have been.".
Eric Baker, owner and CEO of Viagogo.com, a European ticket resale Web website has actually explained the loosening of Ticketmaster's grip on the market as "the equivalent in the ticketing industry of the fall of the Roman Empire".
By 2008 Internet ticket scams had emerged as worldwide problem, when phony ticket sites defrauded countless dollars from sports fans by selling Beijing Olympics tickets which they had no intention of delivering.
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