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.
UPDATE (as of September 25): An Eventbrite spokesperson commented on the news, noting that “as a longstanding client of Ticketfly, we wish the Capitol Theatre all the best for the future.” “We’re proud to work with over 1,000 of the best independent music venues—both GA and reserved seating—across the... Read more
By: Eric Fuller Dan Auerback and Patrick Carney are The Black Keys, an American garage, blues and indie rock band which has not toured for the past six years. Dan handles guitar and vocal while Patrick plays the drums. Although their band is essentially two people, they are known... Read more
Hundreds of fans were left outside of the first Black Keys’ show in five years, after being told their tickets were not valid when they were scanned for entry. Apparently, promoters had shifted to using Ticketmaster’s “Safetix” system – which features barcodes that rotate on a timer to disable... Read more
At an antitrust enforcement oversight hearing held by the Senate Judiciary Subcommittee on Antitrust, Makan Delrahim, Assistant Attorney General for the Department of Justice Antitrust Division, confirmed that Live Nation (NASDAQ: LYV) is under investigation for alleged anti-competitive behavior and its adherence to a 2010 consent decree. While he... Read more
Fans were a little too excited when tickets to Garth Brooks’ show at Neyland Stadium went on sale over the weekend – causing the site to crash. Now, concertgoers will have to wait to vie for tickets again this week. Brooks is set to perform at Neyland Stadium in... Read more
In August, Live Nation trumpeted that Penn State would be the first university to roll out its much-touted “Safetix” system in the fall of 2019 – but things haven’t gone nearly as smoothly as both sides may have hoped, it seems. A mobile-only and dynamically-changing barcode system, “Safetix” is... Read more
An unsecured database exposed an alleged scheme that involved scammers using event ticket vendors to rip fans off and stick the vendors with the loss, according to reporting from CNET. Groupon, Ticketmaster and TickPick were all targeted in the scheme, which CNET described as such: The fraudsters create accounts... Read more
With the NFL’s first regular season weekend in the books, stories are rolling in from around the country of frustrated fans and long lines as the league and its main primary ticketing provider – Ticketmaster – shake out the bugs of their new “safetix” mobile-entry (and only mobile) ticketing... Read more
Artists including Tom Morello, The Glitch Mob, Speedy Ortiz and Atmosphere are among those who are throwing their support behind a campaign asking that Ticketmaster ban facial recognition software at concerts and other live events. “I don’t want Big Brother at my shows targeting fans for harassment, deportation, or... Read more