Public falling out for Viagogo and SFX
The former partners will lock legal horns on 30 August as secondary ticketer Viagogo seeks $1.6m+ for alleged breach of contract
News By IQ | 8 August 2016
Viagogo is seeking permission to open legal proceedings against SFX Entertainment for claims “in excess” of US$1.6 million. The two companies signed a five-year, $75m sponsorship agreement in 2014, granting Viagogo exclusive ticket resale rights to no less than 50 SFX-promoted events.
In exchange, SFX agreed to “deliver exclusive marketing and ticketing rights with respect to a number of designated ‘major’ SFX events”, says a new filing in the Delaware bankruptcy court, “which the parties deemed to be the SFX events that…
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