viagogo Launches World-Class Ticket Exchange in the United States -- StubHub Co-founder Brings Europe's Leading Secondary Ticketing Company Stateside

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Today viagogo (http://www.viagogo.com), Europe's leading online ticket company, signaled a major disruption in the American secondary ticketing market by launching in the U.S. viagogo, which brings unique partnerships, experience and innovation to a stagnant U.S. market, also announced the NFL's Cleveland Browns have selected the company as its official secondary ticket partner. Already the exclusive secondary ticketing provider for a number of Europe's marquee teams including Manchester United, Chelsea Football Club and Bayern Munich, viagogo will fill a void in the U.S., where a lack of innovation has led to a loss of the fan-focused philosophy that made early leaders successful.

Today viagogo (http://www.viagogo.com), Europe's leading online ticket company, signaled a major disruption in the American secondary ticketing market by launching in the U.S. viagogo, which brings unique partnerships, experience and innovation to a stagnant U.S. market, also announced the NFL's Cleveland Browns have selected the company as its official secondary ticket partner. Already the exclusive secondary ticketing provider for a number of Europe's marquee teams including Manchester United, Chelsea Football Club and Bayern Munich, viagogo will fill a void in the U.S., where a lack of innovation has led to a loss of the fan-focused philosophy that made early leaders successful.

viagogo founder and CEO Eric Baker is a seven-year veteran of the secondary ticketing industry that he helped to create by co-founding current U.S. leader StubHub. Baker grew StubHub from a concept to a profitable business in just three years.

"No one has stepped up to take on the challenge of building a truly international secondary ticket company until now," said Eric Baker, founder and CEO of viagogo and co-founder of StubHub. "The U.S. is desperately in need of an experienced competitor that will change the outdated standards that American consumers are forced to accept."

In Europe, viagogo's fan-centric philosophy has made partnerships possible with franchises like NBA Europe, and soccer teams like Manchester United and Bayern Munich that want to drive sales and create a better experience for both fans and rights holders. The company also partnered with multi-platinum-selling recording artist Peter Gabriel to provide the same experience for concert-goers and promises to increase value for promoters, labels, and other artists in the entertainment industry.

"The Cleveland Browns are proud to announce viagogo as the club's first-ever official secondary ticket partner," said Michael J Keenan, Browns Senior Vice President, Business Operations. "viagogo's executive team has tremendous industry experience and a fan-centric approach."

viagogo has raised more than $50 million to date from top-tier investors including Index Ventures, LVMH Chairman Bernard Arnault, German media mogul Dr. Herbert Kloiber, and international financier Lord Jacob Rothschild via his family's interests. viagogo became the leader in Europe in less than one year by accomplishing a number of international firsts, including:

  • Signing the first ever secondary ticket deals in the United Kingdom (with Manchester United and Chelsea Football Club).
  • Signing the first ever secondary ticket deal in Germany (with Bayern Munich).
  • Signing the first ever deal between a secondary ticketing company and a record label (the Warner Music Group).
  • Becoming the first and only secondary ticketing company to service team exchanges in Europe and North America.
  • Generating more revenue in June, its tenth month in operation, than StubHub did in its first 15 months combined.
  • Being the only European company invited to participate in Facebook's initial offering of applications for its 20 million users.

All viagogo transactions are safe, legal, and 100-percent guaranteed. The viagogo exchange protects consumer-to-consumer transactions by providing a market where tickets change hands in a secure, transparent environment that guarantees fairness. Additionally, when fans buy or sell tickets to see a viagogo partner like the Cleveland Browns, the partner simply cancels the old tickets and issues new tickets to the new buyer directly from the box office.

Ticket buyers and sellers seeking more information about buying or selling tickets on viagogo can visit http://www.viagogo.com.

About viagogo
viagogo is a London-based online secondary ticket exchange that allows people to buy and sell live event tickets in a safe and secure environment. viagogo launched in Europe in August 2006 and is led by CEO Eric Baker, co-founder of StubHub.com, a leading online secondary ticketing company that was acquired in March 2007 by eBay for $307 million. viagogo has rapidly grown to become the leading secondary ticket provider in Europe and is the official secondary ticketing partner of European soccer clubs Chelsea FC, Manchester United FC, Everton FC, and FC Bayern Munich, as well as Rugby Union clubs Leicester Tigers and London Wasps. Among other deals, viagogo has also signed partnerships with lastminute.com, Europe's leading independent online travel and leisure group as well as major global music companies like Warner Music International, artists such as Peter Gabriel and charities such as Amnesty International and Linkin Park's charity Music for Relief. viagogo was also the only European company to launch an application on Facebook Platform at it's launch in May 2007.

In August 2007, viagogo launched operations in the U.S. with an exclusive partnership with the NFL's Cleveland Browns. For more information, visit http://www.viagogo.com.

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Nick Leahy
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