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.
Last month, Ticketmaster revealed that it suffered a security breach from a third-party supplier, however, the cybersecurity firm RiskIQ claims that this breach was not a one-off incident, but rather part of a larger credit card-skimming operation, which has hit more than 800 e-commerce sites online. Ticketmaster said that... Read more
Over the weekend, Jimmy Buffett fans were left stranded outside of Pennsylvania’s Keybank Pavilion, waiting to enter the venue. After concertgoers waited for hours to only see a few songs, or not even make it into the Pavilion, fans demanded refunds from Live Nation. Fans took to social media,... Read more
On Saturday night, concertgoers were left stranded outside Pennsylvania’s Keybank Pavilion awaiting a Jimmy Buffett concert after the singer took the stage. Following the security mess, fans are demanding ticket refunds. “Parrotheads” took to Twitter, showing pictures of a stand-still line, although the concert had already started an hour... Read more
It was announced this past weekend that Ticketmaster suffered a security breach, which reportedly included personal and payment information for 40,000 users in the United Kingdom. The company can now face millions in fines under the GDPR laws. Ticketmaster admitted that it had identified malicious software from the customer... Read more
Live Nation kicked-off their 4th of July ‘Ticket Explosion’ today with tickets to 40 concerts throughout Indiana for only $25. Fans throughout the state can purchase $25 All-In Tickets to select shows at Ruoff Home Mortgage Center, Farm Bureau Insurance Lawn at White River State Park, and Old National... Read more
Ticketmaster has admitted that the company suffered a security breach this past weekend from a third-party supplier. The Ticketmaster data breach reportedly included personal and payment information for 40,000 users in the United Kingdom. The company confirmed on Twitter that malicious software caused the hack on the third-party support product... Read more
After her daughter’s sudden death, a heartbroken mother wanted to use her daughter’s concert tickets to see Ed Sheeran in her memory. However, due to the strict anti-resale policy put in place by Sheeran and Killamanjaro Live, the woman was forced to show proof of her daughter’s demise before... Read more
Foo Fighters fans were left outside Tuesday night at Manchester’s Etihad Stadium after their tickets were rejected at the barcode reading turnstiles due to a ‘human error.’ For hours, fans crowded outside, waiting for Ticketmaster UK to rectify the situation. Some fans were allowed into the venue at 6:20... Read more
Hundreds of fans were treated poorly at the chaotic Billy Joel concert last week in Manchester’s Old Trafford, including disabled concertgoers who struggled to see the stage and were unable to move. Joel’s only show in the UK this year was in Manchester, so fans traveled across the country... Read more
Ticketmaster filed a lawsuit against the Connecticut-based broker Prestige Entertainment last year for allegedly using illegal technology “bots” to score thousands of popular tickets to re-sell. In 2015, Prestige Entertainment purchased a large amount of tickets from the site for a boxing match between Floyd Mayweather and Manny Pacquiao.... Read more