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.
The first BTS in-person concert in nearly two years went on sale this week, and some fans are venting their frustrations at Ticketmaster over reports of glitchy systems, failing codes, and sky-high ticket prices. The popular K-Pop group hasn’t even seen tickets for its four show SoFi Stadium residency... Read more
Monumental Sports and Entertainment (MSE) announced the extension of their long-term ticketing deal with Ticketmaster this week, covering many high-profile entities in and around Washington D.C. As MSE’s official ticketing partner, Ticketmaster will faciliatate ticketing for all of the organization’s venues, as well as its sports franchises, whcih include... Read more
Mark J. Perry, an economist and professor emeritus at the University of Michigan, published an Op-Ed in The Hill this week, calling on President Joe Biden to focus on Live Nation Entertainment as part of its efforts to battle monopolistic companies. The author, who is a senior fellow at... Read more
The Philadelphia 76ers announced the signing of a new exclusive ticketing agreement with Ticketmaster, including the NBA franchise and its NBA G-League affiliate, the Delaware Blue Coats. The agreement will include a full integration allowing consumers to purchase and resell tickets through the Ticketmaster system, Sixers.com and the team’s... Read more
As live events return to some level of normal in the wake of COVID, one group appears to be utterly left out: consumers who do not have smartphones, and therefore can’t access mobile-only tickets. People like Brampton, Ontario resident Debbie Ervine, who will apparently be missing out on a... Read more
Oak View Group announced a long-term partnership deal with Ticketmaster, going with the Live Nation Entertainment-owned company for the ticketing systems at six venues opening in 2021-2023. The buildings include New York’s UBS Arena, Seattle’s Climate Pledge Arena, Austin’s Moody Center, Coachella Valley Arena in Palm Desert, California, Savannah... Read more
Ticketmaster has been targeted by attack ads paid for by a conservative group, alleging that the company is attempting to “distract attention from their corporate failures by playing woke politics.” Major League Baseball is also a target of the campaign, which is paid for by Consumers’ Research as part... Read more
How and when ticketing fees are disclosed to consumers has been a hot-button issue for a number of years. Most ticketing companies show one price to the consumer, only to have fees show up at the final step of the transaction – after the consumer has entered personal and... Read more
ASM Global and Ticketmaster announced an extension of their partnership Tuesday. The agreement will keep the Live Nation Entertainment-owned ticketing giant as the vendor serving a number of ASM’s North American properties, which include stadiums, arenas and convention centers. “With amazing content in all of our venues as a... Read more
Throughout the course of the COVID-19 pandemic, the term New Normal has been bandied about as a choice cliché when discussing the ways in which we’ve had to adapt our lifestyles. Would the changes we adopted to mitigate the disease such as social distancing, mask wearing, Zoom meetings, and... Read more