LOS ANGELES (CelebrityAccess MediaWire) — Oakley Capital Investments Ltd. hopes to turn their online event listings website Time Out into a competitor for 'deal of the day' site Groupon that Oakley Capital founder Peter Dubens describes as "Ticketmaster with reviews."
According to a story in Bloomberg, the plan will seek to leverage Time Out's weekly cultural and entertainment guides in 35 cities to become a go-to place for ticket purchases, with reviews encouraging ticket sales from users.
Time Out is also planning to expand from 35 cities to 50, adding locations such as Berlin, L.A. and Miami to the mix.
"It’s a very special brand that’s inbred in our psyche here in London, and it’s been in New York since 1996. Unlike a Groupon or a deal business, which is basically just shifting out deals to millions of people, Time Out is writing about what’s relevant and cultural in London. Oakley is helping give them the ability to offer those people reading the reviews the ability to stay on the site and book the ticket." Dubens told Bloomberg. – CelebrityAccess Staff Writers