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StubHub plans to ticket, produce its own concerts; launches May 18 in Los Angeles
NEW YORK, N.Y. – You will soon be able to buy concert tickets from StubHub for shows produced by StubHub.
The company, which helps brokers and fans buy and sell tickets on its website, announced Wednesday that it will sell tickets to concerts it will produce. It has five shows planned so far featuring “emerging acts” and will launch its first self-produced concert May 18 in Los Angeles.
The performer will be announced next week.
StubHub is getting involved in a business dominated by Live Nation Entertainment Inc. and its Ticketmaster subsidiary. AEG is also a big player in concert promotion and ticketing of concerts at its own venues like the Staples Center in Los Angeles through its ticketing arm, AXS.
StubHub, a subsidiary of eBay Inc., was launched in 2000.
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