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 Department of Justice detailed six instances where Live Nation violated a 2010 consent decree by using threats to ensure venue clients used Ticketmaster in court filings made public last week. Such threats, which Live Nation has long denied, were the reason for the DOJ’s plans to bring court... Read more
The iconic rock band Pearl Jam has returned to the music scene with news of a forthcoming record and North American tour this spring. Toronto, Ontario will kick-off the tour at Scotiabank Arena, followed by gigs in Ottawa, Baltimore, St. Louis, Phoenix, and Oklahoma City. They’ll stop at arenas... Read more
Artists and fans have been fighting the idea of facial recognition over the past few years, and now, a new study has revealed that the technology can be racially biased. According to the federal study conducted by the National Institute of Standards and Technology this past December, which was... Read more
A woman is Salt Lake City was excited to score ticks to see Blake Shelton – only to have the tickets unknowingly vanish from her Ticketmaster account. According to KUTV, Jan Wilkinson of North Salt Lake had asked her daughter, Mindi Davidson, to purchase a pair of tickets to... Read more
While fans are often blindsided by outrageous ticket prices, the ticketing giant Live Nation Entertainment only expects prices to increase in the future. Michael Rapino, the Chief Executive at Live Nation, recently explained to Liberty Media Corp. investors that concert tickets are an “incredible bargain” for live event fans.... Read more
A man from British Columbia filed a lawsuit with Ticketmaster and associated companies on behalf of all residents in the province that bought event tickets over an eight-year span and lost out due to “ticket bots.” David Gomel’s suit has moved on to the B.C. Supreme Court, Coast Mountain... Read more
Live Nation has reached a settlement with the Department of Justice that extends a consent decree it agreed to as part of the 2010 merger with Ticketmaster through 2025, according to a statement published on the entertainment giant’s website Thursday afternoon. “We have reached an agreement in principle with... Read more
Live Nation has been accused of cheating its landlord at the Met in Philadelphia out of proceeds from a handful of concerts like Madonna and Sting. Holy Ghost Met Master Tenant LLC, an affiliate of developer Eric Blumenfeld and Holy Ghost Church, filed a lawsuit against the concert promoter... Read more
Since its 2010 merger with Ticketmaster, Live Nation allegedly violated its consent decree on five separate instances reported by the Department of Justice, sources tell Billboard. According to the sources, these five instances took place when Ticketmaster attempted to renew a promoter or venue’s contract. Ticketmaster’s parent company Live... Read more