[citation needed] On 13 August 2018, Seatwave parent company Ticketmaster Ltd announced its intention to close Seatwave in October 2018, and move secondary ticketing services to its main website, in a bid to combat exploitation of the service by ticket touts.
[8] Destin was a partner at Atlas Venture's London office when the firm made its initial investment in Seatwave back in 2006.
[citation needed] In 2010, Atlas Ventures closed its London office and Destin relocated to Boston.
[12] In 2007, the UK's Department for Culture, Media and Sport appointed a Select Committee to investigate ticket touting and outline recommendations on legislative measures.
In April 2008, the government responded to the Select Committee's reports supporting the findings that legislation should be a last resort, identifying a need for the primary ticketing market to be improved and urging all players in the industry to work together to develop a voluntary code of principles.
[15] Seatwave has declined to join any trade association connected with secondary ticketing in Europe, citing fundamental differences.