DTI Management, a supplier of tickets to online resale websites, has claimed that Vivid Seats has offered preferential prices to brokers who abandon DTI’s ticket management platform, according to the TicketNews.com service.
The report has suggested that Vivid Seats recently contacted more than 80 brokers via email and telephone to make the offer.
DTI, which recently received a $75m (£61m/€71m) investment from CVC Capital Partners, said that Vivid Seats asked DTI to impose a seven-per-cent discount.
“They are trying to force us and brokers to cave in, or lose access to their platform,” DTI chief executive Curtis Cheng said.
Cheng said that DTI “does pretty decent business with Vivid, around 18-per-cent of their sales”. Cheng added: “That amounts to more than $9m a month.”
He continued: “Even though they may be the third or fourth largest exchange, there are 1,800 sites doing the same thing. We will protect and defend ourselves from Vivid’s bullying tactic. But, who is going to protect those smaller brokers?”
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