Vivid Seats was founded in 2001 by Jerry Bednyak and Eric Vassilatos in Chicago, Illinois. The company is a middle man marketplace where ticket holders can find buyers for their unwanted tickets to events.
Vivid Seats earns money by taking a 10% commission once tickets have sold. The company also charges a delivery fee, which varies.
In 2017, ESPN replaced StubHub with Vivid Seats as their official ticket provider of choice.
In 2019, Vivid Seats was named as the official ticker provider of the Los Angeles Clippers.
Vivid Seats offers a 100% refund policy if the event is canceled. The company apparently did not always return all of a customers money and they lost a class action lawsuit.
Vivid Seats maintains a corporate office in Chicago, Illinois.
