Electronic system and method for trading seat licenses, event tickets and contingent event ticket certificates
First Claim
1. An exchange for trading event tickets comprising:
- means for listing offers to sell event tickets;
means for listing bids to purchase event tickets;
means for receiving indication of acceptance of at least one of said bids and offers;
a matching engine for matching said indication of the acceptance of at least one of said bids and offers with the accepted bid or offer;
whereby at least one event ticket is traded according to the accepted bid or offer.
1 Assignment
0 Petitions
Accused Products
Abstract
An electronic exchange and a method for trading a seat license, tickets and contingent event ticket certificates for events at certain venues and for events which may be or may not be scheduled in the future to take place at the venue are provided. The seat licenses and season tickets grant the licensee or holder the right and in some cases the obligation to purchase tickets and the contingent event ticket certificates. Contingent event ticket certificates convert to event tickets at a time associated with the actual scheduling of the contingent event, when the contingent event ticket certificate converts the holder of the contingent event ticket certificate is charged the face value of the ticket. The exchange and method provide for trading in seat licenses, tickets and contingent event ticket certificates between a number of buyers and sellers.
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Citations
43 Claims
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1. An exchange for trading event tickets comprising:
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means for listing offers to sell event tickets;
means for listing bids to purchase event tickets;
means for receiving indication of acceptance of at least one of said bids and offers;
a matching engine for matching said indication of the acceptance of at least one of said bids and offers with the accepted bid or offer;
whereby at least one event ticket is traded according to the accepted bid or offer. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A network based exchange for trading event tickets comprising:
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a web server accessible by a plurality of buyers and sellers over a network, the web server adapted to provide an exchange interface to said buyers and sellers to be displayed on corresponding buyer and seller terminals, the interface being configured to transmit input commands from the buyers and sellers to the web server for submitting offers to sell tickets, bids to purchase tickets, and commands to accept selected offers to sell and bids to purchase tickets;
a database for maintaining a record of said buyers and sellers, said tickets, ownership of said tickets, and said bids to purchase and offers to sell said tickets; and
a matching engine for matching said commands to accept offers to sell and bids to purchase event tickets with the corresponding offers to sell and bids to purchase event ticket, and executing transaction to exchange event tickets between first buyers or sellers who submitted the offers to sell or bids to purchase event tickets and second buyers or sellers who issued the commands to accept the offers to sell and bids to purchase event tickets. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A method for trading seat licenses, each seat license associated with a designated seat in a venue, and event tickets associated with said seat licenses for predefined events scheduled to take place in said venue, the method comprising the steps of:
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receiving offers to sell said licenses, and event tickets, said offers to sell including an asking price;
receiving offers to purchase said licenses and event tickets, said offers to purchase including a bid price;
receiving indications of acceptance of said offers to sell and bids to purchase;
matching indications of accepting particular offers to sell with the corresponding offers to sell and matching indications of accepting particular bids to purchase with the corresponding bids to purchase; and
communicating said offers to sell and bids to purchase to a plurality of potential buyers and sellers;
exchanging licenses and event tickets between sellers and buyers in accordance with said accepted offers to sell and bids to purchase. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 41)
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33. A method for trading rights and obligations associated with a seat license, the method comprising of:
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establishing a season ticket package which includes a plurality of event tickets, each event ticket corresponding to one of a plurality of events scheduled to take place at a venue and corresponding to a designated seat within said venue;
establishing a seat license granting a licensee the right to purchase the season ticket;
issuing the seat license to a licensee;
receiving an offer to sell said seat license, said season ticket package or an event ticket;
receiving an offer to purchase at least one of said seat license, said season ticket package, and said event tickets;
receiving an acceptance of an offer to sell said seat license, season ticket packages or event ticket or an acceptance of a bid to purchase said seat license season ticket package or event ticket. exchanging at least one of said seat license, season ticket package and event ticket between a seller and a purchaser corresponding to said accepted offer to sell or bid to purchase. - View Dependent Claims (34, 35, 36, 37, 38, 39, 40, 42)
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43. A method of distributing event tickets for a contingent event which may or may not in the future be scheduled, the method comprising the steps of:
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issuing a contingent event ticket certificate for the event;
converting the contingent event ticket certificate into a ticket for the event if the event is in fact scheduled; and
charging a holder of the contingent event ticket certificate a predetermined amount at a time associated with the scheduling of the contingent event.
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Specification