Costco, Tix Corp. partner for discount tickets

STUDIO CITY, Calif. and ISSAQUAH, Wash. Costco has partnered with Tix Corp., a leading integrated entertainment company including discount entertainment ticketing services, to launch a new co-branded national discount ticketing Web site exclusively for Costco members through Tix's HalfPriceTickets.com subsidiary.

The new agreement will expand Tix's services throughout the United States to offer discount tickets (up to 50% off face value) for concerts, live theater and sporting events via two new Web sites, HalfPriceTickets.com and CostcoEvents.com. HalfPricedTickets.com will be the third ticketing platform added to the current Costco Event Ticket Services program, offered to over 47 million U.S. Costco members. The service is anticipated to launch late this year or early 2009.

"We are excited and honored to be working with Costco to offer value-priced ticketing services to their members and look forward to a long and prosperous relationship," stated Tix ceo Mitch Francis. "Our discount tickets are being extremely well received in Las Vegas, where we are seeing a significantly larger percentage of visitors seeking value in today's economy. We believe our discount ticket offerings to Costco Members for events across the USA will also be enthusiastically received, which should have a positive impact on shareholder value."