Ticketmaster UK is shutting down its resale websites Get Me In and Seatwave and instead launching a new fan-to-fan ticket exchange to let customers sell tickets that can no longer be used.
The resale sites, controversial due to secondary sellers ramping up prices to make huge profits on tickets, will close from today onwards.
The firm said its new Web site, with the exchange service included, will be rolled out in October in the UK and Ireland, and across the rest of Europe early next year.
Ticketmaster recently admitted that a number of patrons who had bought or tried to buy tickets through its services, may have been affected by a cyber attack.
Tens of thousands of UK consumers are believed to have been affected after malware was found inside third-party software running on Ticketmaster International, Ticketmaster, TicketWeb and Get Me In. Get Me In and Seatwave were two of the four major players in the secondary ticket market, with StubHub and Viagogo remaining.