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.
Jared Smith is stepping down as global chairman of Ticketmaster at the end of 2020, according to multiple reports. The longtime Ticketmaster President was named global chairman earlier this year. Sportico first reported the move, which it says will help the company bring in new leadership to shape its post-COVID... Read more
A lawsuit filed shortly after the coronavirus pandemic brought Major League Baseball’s upcoming season (and all other sports) to a sudden halt fizzled out this week, as a judge dismissed StubHub and Ticketmaster from the lawsuit, with MLB expected to see similar results on its dismissal requests soon. U.S.... Read more
Recently reported cuts at Cleveland’s House of Blues location appear to have just been the tip of the iceberg, as hundreds have reportedly been furloughed by Live Nation Entertainment as the governmental restrictions on live events continue across the globe. The Wiltern in Los Angeles lost nearly 700 positions,... Read more
Ticketmaster has promoted Jared Smith from Global President to Global Chairman, elevating Mark Yovich to Global President and Amy Howe to Global Chief Operating Officer. Yovich had previously served as President, International, with Howe moving up from her previous post as President, North America. Pollstar reports the shifts are... Read more
Ticketmaster will continue on as the official ticketing vendor for teams and venues owned by Kroenke Sports Enterprises, announced Thursday. The Live Nation-owned company took over ticketing Kroeneke properties a year ago on behalf of former CEO Nathan Hubbard’s company Rival, which it later bought outright after the Department... Read more
Live Nation bought itself additional time with creditors with an extension of its credit agreement from the end of September of this year all the way through the end of December 2021. The move allows the entertainment giant to focus on keeping operations afloat in the period of little... Read more
Live Nation Entertainment owner Liberty Media got approval from the Department of Justice to dramatically increase its stake in iHeartMedia, over the objection of anti-monopoly advocates. Liberty, which already controls Sirius XM and Pandora in addition to its 33 percent stake in Live Nation and Ticketmaster, got approval to... Read more
Major League Baseball and all of its teams joined its ticketing partners including Ticketmaster and StubHub in asking the U.S. District Court in Los Angeles to put discovery on hold in a class action lawsuit over refunds related to games cancelled due to the coronavirus pandemic. The lawsuit, filed... Read more
Fans who purchased resale tickets to Hamilton in Baltimore will see some of their money back from Ticketmaster, after the ticketing giant reached a settlement with Maryland’s attorney general announced late last week. The settlement ends a lawsuit brought by Brian Frosh’s office against the California-based entertainment giant which... Read more
Ticketmaster’s General Counsel Karen Klein has left her position at the ticketing giant amid the widespread cancellation of events due to the coronavirus pandemic. Klein, who also served as the executive vice president, joined the company in 2019. During her role, Klein led Ticketmaster’s legal, government affairs, public policy,... Read more