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TicketNetwork acquires bankrupt ScoreBig

A subsidiary of the secondary ticketing platform has bought "select assets" of ScoreBig, which went in administration in September, leaving many resellers out of pocket

By IQ on 17 Nov 2016

Adam Kanner, ScoreBig

ScoreBig founder and former chairman Adam Kanner


image © Harvard Business School

Bankrupt secondary ticketing site ScoreBig has been snapped up by rival operation TicketNetwork.

As of 12 November, ScoreBig is under the management of “a subsidiary of TicketNetwork”, says the Connecticut-based company, which has “acquired and licensed select assets of the company formerly known as ScoreBig Inc., which went out of business in September of 2016”.

“TicketNetwork [has] no responsibility for anything that occurred on or related to the website or business prior to 12 November 2016”

TicketNetwork, which lists tickets to concerts, sporting events and theatrical shows, is, however, keen to emphasise that is has “no responsibility for anything that occurred on or related to [Scorebig] – whose former owners are facing lawsuits over thousands of dollars allegedly owed to ticket resellers – “prior to 12 November 2016”, and directs all creditors to ProofOfClaims.com to recover their money.

Before going into administration, ScoreBig operated under a model that would be illegal in many countries (in violation, for example, of the UK’s Consumer Rights Act 2015), deliberately concealing resellers’ identities to enable venues to offer discounts on tickets without “cannibalising their own box offices or angering season ticket holders who paid full price”.

 


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