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.
A Superior Court judge in Los Angeles Monday granted a request by Ticketmaster to obtain additional business records from rival StubHub in their legal fight concerning the Lynyrd Skynyrd/Hank Williams Jr. Rowdy Frynds Tour last year. The decision by Superior Court Judge Mary Thornton House is an incremental victory... Read more
For years there has been one company which has had a strong grip on all primary ticket sales for events across the country. But now that company, Ticketmaster, is beginning to see its hold on the market begin to slightly weaken. Venues are beginning to cut ties with Ticketmaster,... Read more
The month of March saw fairly steady rankings within the top online ticket selling sites. Ticketmaster and StubHub dominated the month, remaining on top of the Primary and Secondary Sellers categories, respectively, in TicketNews’ weekly rankings. Following Ticketmaster in the Primary Sellers list were Tickets.com, which is owned by... Read more
“Durham Performing Arts Center Chooses Ticketmaster To Provide Ticketing Services for Research Triangle’s New Cultural Venue” DURHAM, NC & WEST HOLLYWOOD, CA (PRNewswire) Mon, Mar 31st 2008 – The Durham Performing Arts Center has chosen Ticketmaster, the world’s leading live entertainment ticketing and marketing company, as its exclusive ticketing... Read more
Ticketmaster and StubHub continued to dominate the primary and secondary ticket markets, respectively, for February, placing first in their categories on TicketNews’ weekly rankings. In the realm of primary online ticket sales, Ticketmaster was joined near the top of the rankings by LiveNation, who spent the month sitting in... Read more
Rumors were circulating through the ticket industry today, Feb. 27, that a partnership of Ticketmaster and Cablevision Systems, the major East Coast cable television operator and owner of Madison Square Garden, are preparing to buy as much as 49 percent of tour promoter AEG Live for an undisclosed amount.... Read more
Despite widespread opposition to the deal from brokers, Ticketmaster today announced it had completed its purchase of the nation’s number-two ranked secondary ticket reseller TicketsNow. Ticketmaster never officially disclosed the financial terms of the deal, which was scrutinized and approved by the federal government for possible anti-trust violations, but... Read more
In separate instances on either side of the Atlantic Ocean, primary ticketing giant Ticketmaster has found its fee structure questioned for potentially being excessive. Published reports coming out of the U.K. stress that there are concerns among about 40 Members of Parliament (MPs) that Ticketmaster is not completely forthcoming... Read more
Ticketmaster and StubHub continue to lead TicketNews’ exclusive industry power rankings of the nation’s top primary and secondary ticket sellers, respectively, a honor the two have shared for more than a year. According to the most recent power rankings, the two rivals are one (Ticketmaster) and two (StubHub) in... Read more
Hot on the heels of its planned acquisition of secondary ticket reseller TicketsNow, Ticketmaster is continuing its aggressive charge into the secondary ticketing market by announcing late Monday that it was buying British secondary ticket reseller Get Me In. Financial terms of the deal were not disclosed. The move... Read more