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.
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
Theater-goers are lashing out at Ticketmaster after they were unable to secure tickets to see the highly-acclaimed Broadway show Hamilton, which hits a Detroit theater this spring. Hamilton will play at the Fisher Theatre in Detroit from March 12 to April 21. When tickets went on sale this past Friday,... Read more
A Texas attorney who accidentally purchased tickets for Broadway’s hit musical Hamilton for the wrong day is now suing Ticketmaster. According to court documents obtained by Above the Law, Joshua Davis had intended to buy three tickets to a Hamilton show on March 14 or 15 in New York... Read more
Rival, the ticketing company created by former Ticketmaster CEO Nathan Hubbard, has announced that it will partner with its first client, Kroenke Sports & Entertainment. According to Amplify, the deal was brokered between Josh Kroenke and his mom Ann, who had taken ownership over their father Stan Kroenke’s Denver... Read more
Taylor Swift’s concert at the Rose Bowl in Los Angeles, California revealed that it used facial recognition to seek out the popstar’s hundreds of stalkers. Usually, Swift’s concerts include an array of exciting elements; during her shows on the Reputation Tour, staff handed out light-up bracelets that coincided with... Read more
George Strait announced a show at Dickies Arena in Fort Worth in 2019, and when tickets went on sale on Friday, the gig was sold-out in half an hour. Fans reportedly waited in a queue that was thousands of people long, and when the 14,000-seat arena sold-out in under... Read more
Ticketmaster has officially launched its new in-house fan-to-fan Ticket Exchange marketplace in the UK. Ticket Exchange was announced back in August following Ticketmaster’s decision to close down resale websites Seatwave and GetMeIn! in the European market. While neither site operates anymore, Seatwave still acts as the official resale site... Read more
A class action lawsuit against Ticketmaster was revealed earlier this week after a customer accused the ticketing giant of intentional fraud and over-charging consumers. The lawsuit was filed by customer Allen Lee in the U.S. District Court for the Northern District of California, brought by barristers Steve Berman and... Read more