SeatGeek Forecasts Ticket Prices

NY-based SeatGeek describes their service as, “Bing Travel for concert and sports tickets.” The company provided an overview of their ticket forecasting service and I’ve posted the video below. The goal of SeatGeek is to tell you when is the best time to purchase tickets to sporting events and concerts.

SeatGeek displays maps of the arenas and stadiums and color-codes the seats based on the best available tickets. SeatGeek analyzes millions of tickets from the secondary markets and then apply their own values for things like winning percentages and weather forecasts to determine when is the right time to buy. The company says they are 80% accurate on forecasting ticket prices.

Tickets are offered for the top 2,000 artists and all major sports events except hockey which they note will be available soon. SeatGeek generates revenue from affiliate commissions anywhere from 7-10%. They work with StubHub, eBay, RazorGator and a variety of other small broker firms.