StubHub, the world's largest ticket marketplace, announced today that the company will donate its profits from the one night only “12.12.12” The Concert for Sandy Relief at Madison Square Garden, to the Robin Hood Relief Fund. StubHub will not profit from any ticket sales to the event.
“In keeping with the original goal of this concert, StubHub will donate all profits from this event to those affected by Hurricane Sandy,” said Emma Leggat, StubHub’s Head of Corporate Social Responsibility. “We chose to partner with the Robin Hood Relief Fund for this event rather than remove ticket listings, which would turn fans and relief dollars away.”
In addition to donating its profits, StubHub is providing all sellers the option to donate proceeds from tickets sold to one of several nonprofit organizations leading Hurricane Sandy relief efforts, including the Robin Hood Relief Fund as well as the American Red Cross, Save the Children, the Humane Society of the United States and the Salvation Army.
Founded in 1988, Robin Hood is New York’s largest poverty-fighting organization. The Robin Hood Relief Fund is providing money, material and know-how to organizations that are serving families and individuals in the regions hardest hit by Hurricane Sandy. StubHub’s donation will go toward providing food and blankets, replacement income and rebuilding of the infrastructure for Robin Hood’s community partners and people affected by the storm.“12.12.12” The Concert for Sandy Relief ( http://www.121212concert.org), will be held on December 12 th at Madison Square Garden. To donate to The Robin Hood Relief Fund visit www.robinhood.org/rhsandy. About StubHub StubHub is the world's largest ticket marketplace, enabling fans to buy and sell tickets to tens of thousands of sports, concert, theater and other live entertainment events. StubHub reinvented the ticket resale market in 2000 and continues to lead it through innovation. The company's unique online marketplace, dedicated solely to tickets, provides all fans the choice to buy or sell their tickets in a safe, convenient and highly reliable environment. All transactions are processed and delivered by StubHub and backed by the company’s FanProtect Guarantee™. Company partners include the San Francisco Giants and University of Texas, along with over 60 teams in the NFL, MLB, NBA, NHL and NCAA, complemented with companies such as ESPN, Tickets.com, and Paciolan. StubHub is an eBay company (NASDAQ: EBAY). For more information on StubHub, visit www.stubhub.com, www.twitter.com/stubhub or www.facebook.com/stubhub
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts