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. Liberty Media, which already owns a significant share of Ticketmaster’s parent company IAC/InterActiveCorp, could be looking to buy the ticketing giant, according to Businessweek. Last month, IAC announced it was spinning off Ticketmaster as part of a corporate shake up to allow IAC to concentrate... Read more
By Bob Grossweiner and Jane Cohen Primary ticketing giant Ticketmaster this week announced it has created its first-ever online affiliate network in the U.S., becoming the first primary (original sale) ticketing company in the U.S. to offer an affiliate program. Consumers and organizations can register to become affiliates on... Read more
By Jane Cohen and Bob Grossweiner With the reality of a life without Live Nation in the near future for Ticketmaster, the ticketing giant has ventured on an aggressive path in shoring up its profile in the secondary ticketing market. On the heels of the company’s deal with soccer... Read more
By Ian Hough In the wake of other big English soccer clubs joining forces with viagogo to resell unused tickets, Arsenal FC has now entered a partnership with Ticketmaster for the ticketing giant to function as the team’s exclusive secondary ticketer. Ticketmaster has launched Arsenal’s TicketExchange, where Arsenal season... Read more
By Jane Cohen and Bob Grossweiner In a move designed to help seamlessly integrate the selling of recorded and live music to the same customer, Ticketmaster and iTunes have expanded their “music + tickets” offerings by integrating digital album sales directly alongside concert tickets in a single transaction on... Read more
By Alfred Branch, Jr. Just days after a less than stellar quarterly report, IAC/InterActiveCorp has decided to spin off it’s Ticketmaster division as a standalone, publicly traded entity. In all, IAC is spinning off four units, Ticketmaster, the shopping network HSN, loan division Lending Tree and travel resource Interval... Read more
By Alfred Branch, Jr. Just days before tonight’s scheduled concert in New York by classic rocker John Fogerty, some Ticketmaster customers who had purchased tickets for the show weeks in advance were informed of a little glitch in their order. A glitch to the tune of these fans having... Read more
By Alfred Branch, Jr. In a move designed to help clarify the issue for fans and remind them of role of legitimate secondary ticketers, The National Association of Ticket Brokers late Tuesday issued a statement concerning the Hannah Montana ticket controversy and had some strong words against primary ticketing... Read more
Tickets Via Cell Phones Continues to Catch On By Jane Cohen and Bob Grossweiner Consumer convenience is the name of the game. Last week, it was the Royal Oak Music Theatre in Royal Oak, MI and Tickets.com hooking up to enable consumers to receive their ticket purchases on their... Read more
By Alfred Branch, Jr. Ticketmaster 1, RMG Technologies 0. U.S. District Court Judge Audrey B. Collins in Los Angeles today ordered ticketing software company RMG Technologies to stop creating and selling software programs that allowed users to allegedly scarf up mass quantities of tickets from Ticketmaster’s websites. The hearing... Read more