SOURCE: TicketNetwork / Ticket Software LLC

October 15, 2007 15:43 ET

Hannah Montana Concert Ticket Prices Continue to Drop

Consumers Encouraged to Shop the Internet for Best Prices for Tickets

VERNON, CT--(Marketwire - October 15, 2007) - TicketNetwork, the leading source for the ticket industry's most comprehensive inventory, today announced it has tracked the prices for Hannah Montana tickets and recent estimates point to a decrease in prices for tickets available on the secondary market.

Hannah Montana's concert tour, featuring Miley Cyrus, quickly rose to become the hottest event of the year with "tweens" and their parents clamoring for tickets. With seats selling rapidly, parents around the country lodged complaints that it was becoming difficult to purchase tickets, or that the few available tickets were selling at too high a price. While ticket resellers have been the scapegoat for soaring prices, the secondary market has actually kept prices down, making more seats available at an affordable price for fans eager to attend the tour.

Ironically, the tour's concert organizers themselves have withheld tickets from the general public, forcing the prices to skyrocket. "In most cities, concert organizers held back a whopping seventy percent of the available tickets from sale to the public at each venue," said Don Vaccaro, CEO of TicketNetwork. Vaccaro added, "At some arenas, the tour's concert organizers, not ticket brokers, auctioned off tickets for as much as $2,600 each."

As more tickets reach the secondary market, prices have dropped making more seats available to consumers. On the leading secondary ticket exchange TicketNetwork.com, a wide range of tickets to the Hannah Montana tour are available for under $100, with tickets to the Minneapolis show starting at $70. According to Vaccaro, "These prices are bound to fall even further if concert organizers continue to release the 250,000 tickets that were never sold initially."

About TicketNetwork

TicketNetwork is the leading source for the most comprehensive selection of tickets at competitive prices. It is the world's leading provider of real-time ticket inventory and sells sought after tickets to concert, sporting, and theater events through North America. TicketNetwork's inventory includes more than 4 million tickets to 71,000 events worldwide. TicketNetwork's properties include: TicketLiquidator.com, TicketNetwork Direct, TicketNews, Ticket Summit and TicketNetwork point-of-sale solutions.

TicketNetwork.com was founded in 2002 and is headquartered in Vernon, Connecticut. For more information, visit www.ticketnetwork.com.

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