Ticketmaster Entertainment, Inc. was established in 1976 and is the world’s largest ticket company, generating revenues of well over $1 billion annually. In 2008, the company acquired Front Line Management Group, world’s leading artist management company, and changed its name to Ticketmaster Entertainment to better reflect its evolution into a “live entertainment ticketing and marketing company.” Ticketmaster Entertainment, Inc. is the parent company, and Ticketmaster is the operating business. Ticketmaster Entertainment is headquartered in West Hollywood, CA, and its stock trades on NASDAQ under the symbol “TKTM.”
The company operates in 20 markets around the world, and not only provides primary ticket sales, it also offers secondary ticket sales through its own TicketExchange and TicketsNow subsidiary.
In addition, the company has marketing and distribution through its Web site, www.ticketmaster.com, an immensely popular e-commerce site, and it has about 6,700 retail outlets, and provides exclusive ticketing solutions and other services for more than 10,000 clients, including arenas, stadiums, professional and college sports teams, theaters and performing arts venues, among others. Ticketmaster sells more than 140 million tickets annually.
In 2009, the company lost its largest client, Live Nation, which struck out on its own to launch its own primary ticketing business.
In a preview of how the ticketing world is attempting to ratchet down consumer freedom in resale overseas, fans holding tickets for BBC’s Radio 1 Big Weekend 2019 are being threatened with cancellation if they post tickets for sale anywhere besides Ticketmaster’s “Fan-to-Fan” resale website in the UK. “Only... Read more
Buying tickets can now be as easy as talking. Last week, Ticketmaster announced the development of Alexa skill, which allows users to buy tickets with voice commands. With Alexa skill, prospective eventgoers can search for nearby concerts, theatre shows, and sporting events by simply saying, “Alexa, ask Ticketmaster to... Read more
A California judge tentatively granted Ticketmaster’s request to arbitrate its ongoing “Scalpergate” class-action lawsuit, which alleges that it violated antitrust and consumer protection laws by helping scalpers re-sell tickets. It’s possible the suit could be resolved in confidential proceedings, leaving the public in the dark. The ticketing giant has... Read more
By: Taylor Porco In an era of monopolies dominating almost all industries, consumer privacy, transparency and fairness are being negotiated in legislative sessions throughout the country. When non-negotiable and imperative rights are up for debate, we have to begin to question the line between government responsibilities and corporate greed;... Read more
Live Nation Entertainment released financial results for their fourth quarter, as well as the full year of 2018, last week, which showed the company’s eighth consecutive year of growth. The report showed that revenue, operating income, and adjusted operating income increased, with revenue up 11 percent to $10.8 billion,... Read more
Ticketmaster refused to post the artwork for “The Bizarre World Of Frank Zappa” hologram tour on its websites, citing that the graphic contained “questionable content.” Frank Zappa’s estate responded to Ticketmaster in a press release, noting that the “composer, musician, futurist and innovator Frank Zappa is facing censorship yet... Read more
Ticketmaster, a Live Nation Entertainment Company, has today announced the acquisition of Moshtix to service the growing general admission event markets in Australia and New Zealand. Formed in 2003, Moshtix has been delivering an innovative technology solution for general admission, self-service and white label solutions for event organisers. During... Read more
Fans of The Rolling Stones are feeling swindled after trying to buy pre-sale tickets to see the legendary rockers when they come to Canada this year. The group announced last week that they would perform at Burl’s Creek in Oro-Medonte, Ontario – their only tour date in Canada –... Read more
Canada’s Competition Bureau (CCB) found that Ticketmaster’s secret scalper program TradeDesk does not break federal competition legislation and has officially closed its investigation. On Thursday, the CCB said that it is up to the provinces to enforce consumer protection and unfair business practice legislation, and the office of Economic... Read more
Hawaii natives have had enough of primary ticket sellers, exclusive contracts, and ticket hold backs; the state has now introduced legislation to prohibit it and put numerous consumer protections in place. If passed, the legislation would prohibit venues from entering into exclusive partnerships with ticket providers. These exclusive ticket contracts have been the disdain of performing... Read more