bullish
Riding The Entertainment Boom
SUMMARY
- Online Ticketing platform SeatGeek has seen a surge in demand from the pandemic reopening, as consumers have spent extravagantly on entertainment experiences such as concerts, theatre, and sporting events.
- With fewer live events and supply shortages due to prevailing scalpers, fans have increasingly turned to online resellers to access these experiences.
- However, the company is now expected to face significant challenges, including a slowdown in demand and a regulatory crackdown from the government limiting the potential fees that can be charged.
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