AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

eBay cracks down on secondary sales.

Music Week

| May 03, 2008 | COPYRIGHT 2008 UBM Information Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Live industry labels Government's stand on the resale of tickets online "wishy-washy" and "misunderstood"

Auction site eBay has prohibited the resale of tickets to Radio One's Big Weekend event for the first time, as the debate over secondary ticketing continues to rage.

The online auction company has agreed to remove from its site any tickets offered for sale to the event, which takes place on May 10-11 at Mote Park in Madstone, and has set up filters to catch out those who may seek to sell them.

The move is one of the first examples of a ticket reseller agreeing to restrict the practice of selling free or charitable event tickets, after the Government announced in its response to the DCMS Select Committee's report on ticket touting that secondary market operators including eBay, Viagogo and Seatwave had agreed to curb the practice.

Last month eBay pledged that it would force people selling on tickets to charity concerts to donate 20% of the sale price back to the charity.

Radio One and 1xtra head of live music and events Jason Carter says, "The BBC have contacted eBay over the last few years to request that they do not allow the sale of tickets for Radio One's Big Weekend. This year eBay agreed.

"Radio One's Big Weekend is a unique, free, publicly-funded event for young people and we are delighted that eBay are working with us to prohibit the sale of tickets for this event."

Related articles from newspapers, magazines, journals, and more
Secondary market coverage outpacing 1994.(bond market and municipal bond...
Magazine article from: The Bond Buyer Heap, Peter June 16, 1995 700+ words
...flooding bond insurers with requests for secondary market coverage, according to leading firms...trend is the growing acceptance of secondary market insurance, the companies said. Furthermore...industry has redirected itself to the secondary market," said Craig T. Charlton, ...
Second Chances.(secondary market for collectibles)
Magazine article from: Gifts & Decorative Accessories Schwartz, Meredith February 1, 2001 700+ words
The pros and cons of adding secondary market pieces to your collectibles offerings Selling secondary market collectibles can be a great way to...important venue when it comes to selling secondary market collectibles is your store. If you...
Dispelling doubts about the secondary market. (banks and the secondary mortgage...
Magazine article from: ABA Banking Journal April 1, 1990 700+ words
...towards participating in the secondary market. Last November, the ABA spun...address the goal of increased secondary market participation by banks. Kevin E Walsh, chairman of the new Secondary Market Liaison Subcommittee, believes...
Secondary market still offers room for bond insurers to grow, S&P says....
Magazine article from: The Bond Buyer Dickson, Steven August 17, 1993 700+ words
...insurers have some room to grow in the secondary market despite already strong penetration...companies have developed specialized secondary market products to capture a larger portion...policy -- some insurers now offer secondary market policies that remain in effect only...
The determinants of the secondary market price of less developed countries'...
Magazine article from: Atlantic Economic Journal Kazemi, Hossein S. Ogus, Ayla June 1, 2008 700+ words
...most countries for a long time. A secondary market for loans to less developed countries...creditor banks and other investors and a secondary market price is formed through these transactions...LDC loans trade at a discount in the secondary market, meaning that a dollar of debt at...
Secondary market offers growing insurance business.(Credit Enhancement)
Magazine article from: The Bond Buyer Wamsteker, Peter J. September 5, 1995 700+ words
...Increased demand for bond insurance in the secondary market is the result of lower premium prices...1994 has shifted the focus to the secondary market on which bond insurers are now relying...managers say more bond insurance in the secondary market has created a glut of insured ...
Examining secondary market trends
Magazine article from: America's Community Banker Nixon, Brian April 1, 1996 700+ words
...sell mortgage loans in the conforming secondary market for sounding smug. With a growing...portfolio lenders who are also secondary market seller/servicers are asking themselves...bank seller/servicers say their secondary market book of business is performing much...
Secondary market for VAs is emerging; Advisers are wary but willing to...
Magazine article from: Investment News December 13, 2004 700+ words
...the annuity to a gradually expanding secondary market. Insurers and industry observers...have expressed reservations about the secondary market, noting that it may prevent consumers...Washington, Pa., has been offering a secondary market for variable annuities since March...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA