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.
Ticketmaster and Prestige Entertainment have settled a lawsuit regarding the latter’s alleged use of automated programs to purchase numerous tickets by evading the Live Nation-owned giant’s limits. While the ticketing operator achieved one goal of its litigation – a promise by Prestige that it would not use such programs... Read more
Fans in Indiana can score $25 tickets to a handful of Live Nation venues in Indianapolis as a part of Live Nation’s Fourth of July Ticket Explosion promotion. During the sale, fans can grab tickets to 30 shows in Indiana at Ruoff Home Mortgage Music Center, Farm Bureau Insurance... Read more
Canada’s Competition Bureau (CCB) says that Ticketmaster will pay $4.5 million in penalties to settle a case related to its online ticket sales operations, according to multiple outlets. The settlement involves a $4 million penalty, plus $500,000 in reimbursement for the costs related to the investigation. “The bureau expects... Read more
Fans of progressive rock outfit Coheed and Cambria are up in arms over how so-called “official platinum” tickets were sold for the band’s current tour – as Ticketmaster’s dynamic-priced tickets were confused by many purchasers with the band’s “Platinum VIP” tickets for meet & greet opportunities at the same... Read more
A new bill proposing extensive new regulations regarding tickets in the U.S. has been proposed, as a new version of the so-called BOSS Act was announced on Thursday afternoon. U.S. Reps Bill Pascrell, Jr. (D-NJ) and Frank Pallone (D-NJ) and Sen. Richard Blumenthal (D-CT) reintroduced the act, which has... Read more
The aggressive expansion of the Ticketmaster and Live Nation grip on the live entertainment space in North America continues, as the ticketing giant announced an increased partnership with Groupe CH, a Montreal, Quebec-based organization managing 20 venues and festival sites, comprising of more than 1,500 events every year. As... Read more
Frequent fliers of Delta Airlines now have the chance to earn even more miles simply by purchasing concert tickets. Delta and Ticketmaster announced a partnership earlier this week which allows Delta Air Lines’ loyalty members to earn one mile per dollar spent on tickets for concerts, games, or theatre... Read more
Every day, it seems, there are fresh headlines about how bad the bot menace is in the ticketing world. “Bots at the Box Office Pushing Event Ticket Prices Higher” reads a headline from NBC Bay Area in early May. “All these procedures are put in place to discourage scalpers,... Read more
Ticketmaster is caught in another class-action lawsuit in federal court which claims the ticketing giant unlawfully contracts with scalpers and profits from the dealing, violating California law. Mahmoud Ameri and Erin Ouborg, represented by Brent A. Robinson of Atman-Smith & Marcy, brought on the lawsuit after they purchased tickets... Read more
The aisle seat is the latest hot commodity at a concert, and primary markets are cashing in on this idea in an attempt to further profit off of concertgoers. Ticketing giant Live Nation has begun to offer aisle seats for select shows with a surcharge between $5 and $30... Read more