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.
By Alfred Branch, Jr. TicketNews.com The Pittsburgh Steelers Tuesday will unveil a new ticket-reselling venture with Ticketmaster that will allow its season ticket holders to unload tickets they are unable to use. Details of the plan were not yet available, but team officials were slated to announce specifics of... Read more
By Alfred Branch, Jr. In its lawsuit filed last month against rival StubHub!, Ticketmaster will have the difficult task of proving “contract and economic interference” against a defendant for which it does not have a legal agreement, according to a law professor who is familiar with the case. In... Read more
BOSTON GLOBE — Ticketmaster suits: Resellers used device to skirt security. Firm alleges 4 in state made illegal purchases. A series of lawsuits filed by Ticketmaster LLC is shedding light on one of the biggest mysteries surrounding ticket resellers: Where do they get their tickets? According to the lawsuits,... Read more
By Alfred Branch, Jr. TicketNews.com Ticketmaster warned rival StubHub! on five separate occasions that it believed the upstart was violating its exclusive contracts between venues and Ticketmaster, only to be virtually ignored every time, according to Ticketmaster’s 77-page lawsuit against StubHub! obtained by Ticketnews.com. The brief, filed last week... Read more
LA TIMES — The dominant ticketing agency cries foul at the secondary market, but the case brings up interesting questions about laws that govern tickets. PROMOTERS OF THE “Rowdy Frynds” tour featuring Lynyrd Skynyrd and Hank Williams Jr. decided to try a new way to raise ticket revenue this... Read more
By Alfred Branch, Jr. TicketNews.com Primary ticket seller Ticketmaster Wednesday filed suit in Los Angeles against rivals StubHub! and its new parent company eBay for allegedly violating contracts Ticketmaster has with several arenas. The suit is over the current “Rowdy Frynds Tour,” featuring southern rock heroes Lynyrd Skynyrd and... Read more
By Alfred Branch, Jr. It looks like Ticketmaster is no longer handling any ticketing for the reigning American League champion Detroit Tigers. According to the website Detroittigersweblog.com, fans seeking spring training tickets have been steered to Tickets.com through the Major League Baseball site, MLB.com, which is operated by the... Read more
By Alfred Branch, Jr. Some Philadelphia Eagles football fans received what turned out to be invalid tickets to the December 31, 2006, game against the Atlanta Falcons because they were printed on the wrong paper stock, according to sources. The exact number of tickets that Ticketmaster needed to reissue... Read more
By Elliot Stern Most of us grew up in an era when there were two ways to buy tickets to concerts or other theatrical events. You could either go down to the box office and buy the ticket from the theater itself or you could charge by phone. But... Read more
Resellers around the world, get ready for some more competition. Ticketmaster, in response to recent trouble over Australian Ashes tickets being found on eBay for up to six times their face value, says they want to start offering controlled auctions to reduce demand for secondary market tickets. Around 1,300... Read more