Amazon Bringing 'Amazon Tickets' to US


As of now  Amazon Tickets, the concert/event ticket service offered by Amazon ( AMZN) only operates in the UK, but is it showing signs of expanding to the US?

Recode reported last week that a series of job listings in Europe, Asia, and the US for Amazon Ticket employees were posted on the site. Since the US Amazon Tickets job posts are for their HQ in Seattle, we can assume that the company is trying to expand their service to other markets. 

"Amazon Tickets is a start-up business with a vision of becoming Earth's most customer-centric ticketing company, a place where event-goers can come to find and discover any ticket they might want to buy online," the post reads, "As we grow our team to support our rapid expansion we are looking for talented individuals to join us in delighting customers and having some fun along the way." 

Amazon faces stark competition in the US ticketing industry. Already established companies like Live Nation (who merged with Ticketmaster in 2010), Ticketfly (owned by Pandora), and resellers such as StubHub have the market cornered for ticket purchases.

However, most of these sites are not particularly favored by fans looking to see their favorites in concert. They're used because for the most part we don't have a choice to purchase tickets anywhere else without ridiculous scalping schemes and high service fees. Ticketmaster specifically was sued in a class-action lawsuit for $400 MN and lost, requiring them to hand out free vouchers to other concerts (the service fees still exist in a lesser form).

While Amazon might have a steep hill to climb, this might be the inexpensive alternative to the overcharged ticketing systems we're stuck with at the moment. Let's see what you can do Amazon.

If you liked this article you might like

Tesla pushes the limits of the automotive sector

A tale of two volatile stocks and a warning to investors

Are these telecom stocks ready to rebound or about to sink?

Do the futures of these chipmaker stocks look bright?

6 undervalued emerging market stocks after six week low