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.
Ticketmaster wants to make the transition from paper tickets to facial recognition, but due to privacy reasons, country artist Dierks Bentley rejects the idea. The singer explained to Broadway’s Backyard that he is not a fan and believes it is very unsafe. “The 23 and Me ancestry stuff where... Read more
This opinion piece about the monopolistic industry practices of Live Nation Entertainment was written by Rep. Bill Pascrell Jr. (D-NJ) and published in the Los Angeles Times. When President Obama was deciding in 2009 whether to approve a merger between the world’s largest concert promoter, Live Nation, and the... Read more
With less than two months before new laws related to ticket resale in Ontario go into effect, industry leaders on both the primary and secondary ticketing side are pulling no punches on their assessment of the potential impact the changes will have on the landscape in the Canadian province.... Read more
In the wake of Monday’s report by the United States Government Accountability Office on the ticketing ecosystem, David Dayen published a scathing piece in The New Republic on the findings of the report Tuesday. Titled The Ticket Monopoly is Worse Than Ever (Thanks, Obama), Dayen’s piece argues that the... Read more
Not content to own all the data about the public’s concert and sporting preferences as well as whatever can be scraped from user social media by opt-ins to its Verified Fan system, Live Nation Entertainment is reportedly going to start compiling data on users’ faces. As part of last... Read more
With its first show set for Tuesday evening at University of Phoenix Stadium in Glendale Arizona, Taylor Swift’s Reputation Tour has officially reached crunch time for ticket sales. In a last-ditch effort to fill the house, all resale tickets for her first leg of the tour have been removed... Read more
Nathan Hubbard, who ran Ticketmaster in the four years following its merger with Live Nation before leaving to serve as Twitter VP of Commerce and Media, announced a new venture in a series of tweets on Friday morning. The details were thin on what exactly the company – called... Read more
Eagles Fans Call Out “Absolute Con” London Ticket Flap Always known for their calm, rational nature, and not at all for throwing snowballs at Santa, or D-cell batteries at players, Philadelphia Eagles fans set early alarm clocks on Monday in an attempt to secure tickets to see their team... Read more
The UK’s largest arena venue manager, SMG Europe, has announced that it will once again make Ticketmaster, a Live Nation Entertainment company, their official ticketing partner. SMG Europe is a wholly owned subsidiary of SMG and owns multiple arenas and theaters across the country. These include well-known venues like... Read more
The brouhaha surrounding the recent New York Times article examining Live Nation Entertainment’s behavior since its merger with Ticketmaster – particularly the tidbit where the company may be in the crosshairs of the U.S. Department of Justice for its alleged anti-competitive practices in the space (in violation of a... Read more