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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

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Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
RetailTicketmaster

Ticketmaster: StubHub’s lawsuit over cancelled tickets is ‘baseless’

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
March 31, 2015, 10:40 AM ET
Photograph by Bloomberg via Getty Images
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Ticketmaster is fighting back against ticket reseller StubHub’s new lawsuit against the firm and the National Basketball Association’s Golden State Warriors, calling the suit “baseless.”

“We are disappointed that StubHub has filed a baseless lawsuit that asks the courts to help prop up its business against true fan-friendly competition,” according to the company. “NBA teams like the Golden State Warriors have implemented ticket exchanges powered by Ticketmaster because they want ticket resale to be a secure experience, not an opportunity for scalping and fraud.”

StubHub’s lawsuit alleges Ticketmaster and the Warriors’ front office cancelled tickets that fans sold on StubHub in a move meant to protect Ticketmaster’s resales business. “StubHub seeks to stop unfair and illegal anti-competitive business practices that prevent fans from deciding how they want to resell their tickets and which artificially drive up ticket prices,” StubHub said in a blog post Monday.

Ticketmaster’s defense continued:

The exchanges are growing in popularity because Ticketmaster and its partners have worked hard to make ticket resale much safer and more transparent, uniquely serving true fans. Ticketmaster does not force any customer to resell tickets on any particular platform and will vigorously defend these specious charges.

This is the latest in a prolonged series of feuds between the two companies. In 2013, Ticketmaster and StubHub also clashed over state ticket resale laws.

Live Nation, which owns Ticketmaster, posted mixed earnings in February. While losses to shareholders doubled to $186.5 million from $82 million, revenue increased 6% to $6.87 billion, Billboard reported.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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