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.
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
The Wall Street Journal is reporting that the Department of Justice (DOJ) is preparing to take legal action against Live Nation Entertainment (NYSE: LYV). The action, attributed to anonymous sources familiar with the matter, is based off “allegations the company has sought to strong-arm concert venues into using its... Read more
The content and commerce solutions provider in collegiate athletics, Learfield IMG College, announced former Ticketmater exec Cole Gahagan as the new President of Content for Multimedia Sales & Enterprise Solutions. Currently, Gahagan is the Chief Commercial Officer for Fanatics, Inc., and previously, he worked as the Chief Revenue Officer... Read more
Ticketmaster envisions a world in the not too distant future where tickets function as “smart contracts” powered by blockchain technology, making transactions trackable and irreversible, according to coverage of remarks by an executive speaking at Elev8CON in Las Vegas on Monday. “Ticketmaster has technology that is almost 40 years... Read more
Fans throughout Ireland and the U.K. will be able to purchase concert tickets directly from YouTube videos this week due to the video platform’s integration with Ticketmaster, See Tickets, and Eventbrite. Back in November 2017, the integration launched in the U.S. following YouTube’s partnership with Ticketmaster. Other ticketing sites... Read more
Two Ticketmaster/Live Nation executives have been elected to The House of Blues Music Forward Foundation’s board of directors. Today, the foundation revealed that the Senior Vice President of Talent for Live Nation U.S. Concerts, Emily Simonitsch, and the chairman of Ticketmaster Canada and Executive Vice President of Venues and... Read more
The former One Direction member and heartthrob Harry Styles is heading out on tour in 2020, and just like the presale for his one-off show at The Forum earlier this month, fans faced difficulties during the presale this morning. Styles announced Love On Tour dates last week, and tickets... Read more
Front Gate Tickets, the exchange owned by Ticketmaster, will see longtime employee and ticketing veteran Ben Taylor fill the role of General Manager. Taylor has been with Front Gate Tickets since 2007; he has helped develop the company by running a mobile box office and printing tickets out of... Read more
Concertgoers were frustrated to hear that Live Nation and AEG were considering the use of facial recognition at concerts and festivals, but now, the promoters have taken a step back. Both live-entertainment giants disavowed any plans to use facial recognition at music festivals, and now, the musicians are declaring... Read more
Updated 1:43PM Friday October 25 A pair of bills currently under consideration by the Michigan legislature go a long way towards correcting some antiquated code in the state. Unfortunately, lobbying efforts by some of the largest entertainment corporations in the world look to be pushing the language into places... Read more