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. The working agreement between rivals Live Nation and Ticketmaster, under which Tickmaster is a primary ticket seller for many Live Nation events, appears to be coming to a close. Both sides are locked into a contract through 2008, but Ticketmaster issued an internal memo to... Read more
A long-simmering feud over one of the music industry’s last remaining reliable revenue sources boiled over yesterday, as Ticketmaster, the nation’s dominant ticket seller, halted talks to reach a new long-term agreement with the biggest concert promoter, Live Nation Inc. The situation threatens to create an acrimonious war over... Read more
Ticketmaster appointed Geoff Carns Senior General Manager for the Southern California region, the company announced earlier today. Carns, who has been with Ticketmaster since 1998, is moving from a similar position he held in Seattle covering the Pacific Northwest. According to officials, Carns will be responsible for Ticketmaster’s business... Read more
By Ray Waddell, Nashville It’s unlikely Ticketmaster’s ticketing relationship with Live Nation will be renewed when it expires at the end of next year, based on an internal Ticketmaster memo obtained by Billboard.biz. The memo states, in part, “While it has been our sincere desire to create a new... Read more
Ticketmaster Access Control Systems now in Place at Speedways; Providing Barcode Ticketing and Point-of-Entry Validation as New Benefits for Race Fans WEST HOLLYWOOD, Calif., Aug. 20 /PRESS RELEASE/ — Speedway Motorsports, Inc. (SMI) has launched Ticketmaster’s TicketExchange as the authorized ticket resale service for race events at each of... Read more
By Talmadge Harper – TicketNews Staff Writer Ticketmaster’sTicketExchange will remain the exclusive secondary reseller for New York Giants tickets, after the team decided to extend its current contract with the primary ticketer, it announced today in a statement. Specific terms of the deal were not disclosed, but the Giants... Read more
By Stacey Willets TicketNews.com A battle of the titans is brewing in this week’s exclusive Top Ten Primary and Secondary Live Event Ticket Sellers Rankings, released this morning. In case you missed it, here is a quick taste of where all the websites stand. In making a monumental partnership... Read more
By Alfred Branch, Jr. TicketNews.com The announcement of a major secondary deal between two sports heavyweights, and a disagreement between two others dominated the week ended August 3 in the ticketing industry. Thought financial terms were not announced in the deal between StubHub! and Major League Baseball the arrangement... Read more
By Stacey Willets TicketNews.com released its exclusive weekly Top Ten Primary and Secondary Live Event Ticket Sellers Rankings this morning. In case you missed it, here is a quick taste of where all the websites stand. You just can’t keep Ticketmaster down. Despite bringing in lower than expected earnings... Read more
Ticketmaster this week announced the opening of five new Ticketmaster Centers in Taubman Mall locations in the U.S. Financial terms of the deal were not disclosed, but the malls’ Guest Services Counters will host the ticket centers and offer a broad variety of ticketing options, including concerts and sporting... Read more