Seatwave Expects To Turn A Profit Soon

LONDON (CelebrityAccess MediaWire) — Seatwave has announced that the sales of tickets for live performance events have inched their way towards a profit as more Britons turn to the secondary ticket market.

According to Seatwave CEO Joe Cohen, ticket sales through Seatwave are up by 87% over the same period in the previous year with strong demand for comedy shows.

"We always thought it would take years," Cohen told The Telegraph. "But as we approach our third anniversary next month, we expect to turn into profit soon."

Joe Cohen, chief executive, said sales of tickets for music and comedy events "soared" as more people turn to the so-called "secondary ticket market" to secure entry to see live events.

Cohen also took the opportunity to refute the perception that the secondary market speculators inflate ticket prices. According to Cohen, ticket prices in the secondary market have not increased in price at the same rate as primary-source tickets have. – CelebrityAccess Staff Writers