According to a Reuters report, Amazon is in talks to venture into the ticketing business (auto-start video warning). It is currently seeking partnership with venue owners as Ticketmaster has a stranglehold in the industry. Previously, Amazon has sought partnership with Ticketmaster in an attempt to get a foothold into the business of selling tickets. The company has found some success outside of the U.S., selling tickets in U.K.

Hopefully, this will lead to some more competitive pricing as we can all agree that the some of these ticket fees are outrageous right?



Ticketing would likely make money for Amazon, which has a patchy record of profitability. Ticketmaster generated $1.6 billion in revenue from initial sales of tickets to events in 2016, according to estimates by research firm BTIG. That figure does not include revenue from the reselling of tickets, which BTIG estimates at $250 million.

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Source: [H]ardOCP – Amazon to Take on Ticketmaster