[23] Live Nation CEO Michael Rapino was named CEO of the new company. [21] The deal was cleared by the U.S. Justice Department in January 2010 under the condition that the company sell Paciolan to Comcast Spectacor or another firm, and license its software to Anschutz Entertainment Group (AEG), its biggest competitor. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. [75], In June 2019, Canada's Competition Bureau fined Ticketmaster $4.5 million dollars ($3.44 million US dollars) as part of a settlement after it was discovered that Ticketmaster "topped advertised costs by more than 20% -- and sometimes as much as 65%." [58], Ticketmaster secretly partners with scalpers to drive up prices for consumers. Ticketmaster peak revenue was $16.7B in 2022. [118][119] The email also said "You will have until 12:00 on 27th April to claim your tickets. Their stock opened with $14.50 in its Nov 19, 1996 IPO. Live Nation reports revenue growth in 2019 to $11.5bn - TheTicketingBusiness News All the latest entertainment ticketing ecosystem news from around the globe and up-to-the-minute media coverage from all the leading voices in the ticketing business industry, all in one place - curated and edited by TheTicketingBusiness team at Xperiology. Thousands of email sent out to people stating "Congratulations, you have been successful in the ballot for a pair of standing tickets". [40] Utilizing such subterfuge to extract additional revenue from fans without arousing direct backlash towards themselves has become increasingly important for artists. Annual Revenue $1.0-5.0B Agree? Over 2 million tickets were sold on Ticketmaster for Taylor Swift's The Eras Tour, which was the most tickets ever sold for an artist in a single day. Revenue $1.8 B Y, 2016 Company summary Overview Ticketmaster is a live event ticketing company. The rapid growth of Internet users across the globe has provided bright prospects for e-marketers. Live Nation Entertainment annual revenue for 2021 was $6.268B, a 236.8% increase from 2020. The most common ethnicity at Ticketmaster is White (52%). Ltd.; Cinemark Holdings Inc.; Cineplex Inc.; Kyazoonga; Fandango; Inox Leisure Ltd.; MovieTickets.Com; EasyMovies; Mtime; RazorGator; StubHub; Ticketmaster Entertainment; Ticket, please. To connect with Ticketmaster employee register on SignalHire. Ticketmaster provides ticketing services in 31 countries and in 2019 delivered 115 million tickets internationally. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 3.59%, resulting in a projected market volume of US$82.61bn by 2027. Overview Competitors Acquisitions News & Insights President Mark Yovich CEO Approval Rating 76/100 Weigh In 1976 Beverly Hills California Los Angeles Metropolitan Area Private Independent Company All venue types have strong show count growth, led by North America stadium and arena concerts.. The simpler and more efficient DocuSign Alternative. [132] Ticketmaster has also partnered with the United States Tennis Association,[133] Tennis Canada,[134] and the PGA Tour.[135]. Ticketmaster's peak quarterly revenue was $6.2B in 2022(q3). [18] Later in 2008, Ticketmaster acquired Front Line Management, an artist management firm that worked with artists such as Aerosmith, Christina Aguilera and Jimmy Buffett. [48][49] Chuck Philips, a reporter who covered the issue,[50][51][52][53] was told by sources close to the case that the investigation was closed due to a combination of a shortage of resources and the case being difficult and having uncertain prospects. Stubhub 's estimated revenue per employee is $210,165 . [132] Ticketmaster also works with wrestling promotions World Wrestling Entertainment (WWE) (1994) and All Elite Wrestling (AEW) (2019), In 2017, Ticketmaster announced it would open the TicketExchange platform to allow the sale and validation of tickets on third-party websites, including StubHub. [82] Smith priced tickets for the Cure's concerts for as low as $20, but Ticketmaster charged fees that equalled more than the price of the base ticket. Official Platinum Seats are premium tickets to concerts and other events made available by artists and Event Organizers through Ticketmaster. The procurator of Office of the Federal Prosecutor for the Consumer, described on Twitter that the agency had already requested a report from Ticketmaster Mexico on what happened at the Estadio Azteca and asked affected consumers to formalize their complaints under the terms of the law. [16] And finally, in that same January, Ticketmaster acquired TicketsNow, a ticket reseller in the United States, for $265 million. The company currently specializes in the Entertainment, Application Software, E-commerce areas. [66][67][68][69][70][71][72][excessive citations], A class action lawsuit was filed against Ticketmaster in 2003, alleging that it did not fully disclose UPS and order processing fees added to tickets sold online. The cookies is used to store the user consent for the cookies in the category "Necessary". Get documents signed as fast (and simple) as possible. The cookie is used to store the user consent for the cookies in the category "Performance". You can change your cookie settings at any time. Digital projection combined with satellite delivery allows exhibitors to expand their product offerings, including the presentation of 3-D content and alternative entertainment. Many service providers offer loyalty programs to users to retain them for a longer period through their mobile platforms as well. You can see that with each new investment, there has been more money rasied at Ticketmaster. Moreover, Hollywood is a highly-touted entertainment industry in the U.S., due to which there is a higher demand for convenient modes of purchasing tickets. 9% of Ticketmaster employees are Black or African American. The ongoing pandemic has forced telecom operators worldwide to test their network resiliency and revisit their planned investments, especially in 5G technology. Customers, particularly in the Asia Pacific, have exhibited willingness to pay marginal Internet handling charges in order to avoid standing in long queues, which has positively shaped the market. This cookie is used for the website live chat box to function properly. [104] Free Britney America, a D.C. organization that was part of the Free Britney movement, protested outside the U.S. Capitol during the hearing "in support of ending Ticketmaster-Live Nation's monopoly over the live event and ticketing industry. Mobile devices have gained popularity as the preferred device for purchasing tickets, which can be largely attributed to declining prices of Internet packs, coupled with growing penetration of high-speed 3G and 4G connectivity among masses. [32], The company reported nearly 500 million tickets sold for 400,000 events in 2018. [22] The new company, which would be called Live Nation Entertainment, would also be subject to provisions for 10 years that prevented it from retaliating against venues that partnered with competing ticketing firms. These cookies track visitors across websites and collect information to provide customized ads. The case settlement was approved in 2015 and Ticketmaster issued vouchers and discount codes to fans who purchased tickets online between 1999 and 2013. The company stated that customers who bought tickets between February and June 2018 may have had data compromised. This website is secure and your personal details are safe. Plaintiffs claimed that the on-sale for the It's All a Blur Tour, a co-headlining concert tour by Drake and 21 Savage, "intentionally misleads consumers for [Ticketmaster's] own financial gain" by concealing information about additional show dates to drive demand and ticket prices. These cookies will be stored in your browser only with your consent. [43][44], As of 2016, ticket resale was Ticketmaster's fastest growing business. The average employee at Ticketmaster makes $36,195 per year. By clicking Accept, you consent to the use of ALL the cookies. They also offered refunds for the full cost of the tickets. The top traffic source to ticketmaster.com is direct traffic, driving 37.49% of desktop visits last month, and search is the 2nd with 31.75% of traffic. Ticketmaster has 6,678 employees, and the revenue per employee ratio is $2,497,941. Copyright 2023 Xperiology. Find out why thousands of people are moving to SignHouse for their digital signatures! 6. [7] By 1985 the company had operations in the U.S., Canada and Europe. "[78] The allegations were first reported in 2017 when a former CrowdSurge top executive hired by Ticketmaster hacked into his former employer's database. Operating Free Cash Flow Up 3.9x to $1.8 Billion, Adjusted Free Cash Flow Up 94% to $967 Million, Converting 69% of AOI. 1. The annual revenue of Ticketmaster varies between 1.0B and 5.0B. It costs you nothing to try SignHouse! The 2022 FIFA World Cup is scheduled to be staged in Qatar; this is likely to provide an impetus to service providers in the country. At the same time, the Gross-Profit went down by . The witnesses prosecuting Ticketmaster included Jerry Mickelson, the president of JAM Creative Productions; and Jack Groetzinger, co-founder of SeatGeek. Software developers are coming up with user-friendly interfaces and frequent updates to enhance user experience. The company went as high as $26 billion in 2021, as previously mentioned. Berchtold, despite apologizing for the debacle, denied accusations of monopoly and fraud, but accepted that "there are several things we could have done betterincluding staggering the sales over a longer period of time and doing a better job setting fan expectations for getting tickets" and continued to blame "industrial-scale ticket scalping" and "unprecedented number of bots" in Swift's tour debacle. For the purpose of this study, Grand View Research has segmented the global online event ticketing market report on the basis of platform, event type, and region: Platform Outlook (USD Million, 2014 - 2025), Event Type Outlook (USD Million, 2014 - 2025), Regional Outlook (USD Million, 2014 - 2025). Supplemental Operational and Financial Information, First Quarter 2023 Live Nation Entertainment Earnings Conference Call. Market Data powered by QuoteMedia. [20], In February 2009, Ticketmaster entered into an agreement to merge with event promoter Live Nation to form Live Nation Entertainment. Get our 2-minute email updates that we send to 1,000s of people. online ticket marketplace where fans can buy and sell tickets to sports, concerts, and Show more Global Rank # 2,592 647 Country Rank # 527 109 United States Category Rank # 5 2 eCommerce & Shopping > Tickets (In United States) Connect this website Total Visits 23.0M Bounce Rate 53.10% Pages per Visit 3.29 Avg Visit Duration 00:02:42 Company The employee data is based on information from people who have self-reported their past or current employments at Ticketmaster. This, in turn, is increasing discretionary spending on entertainment and leisure services. [27] In 2018, Ticketmaster acquired UPGRADED, a company which converts physical tickets into digital ones, utilising blockchain. There are Ticketmaster locations in Stoke-On-Trent, Manchester, Glasgow, and London.Ticketmaster sells tickets to approximately 70,000 events annually. For additional information, Rising consumer disposable income, especially in emerging countries, is expected to considerably contribute to market growth. This continued expansion in Asia . This years attendance is our best yet see an extract here with an outstanding programme of speakers, guests, content and networking PLUS the annual Awards. Suppliers across the globe are opting for various measures to stay competitive in the emerging market. Ticketmaster's clients include venues, artists and promoters. Ticketmaster revenue is $16.7B annually. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Global Online Event Ticketing Market Size Report, 2025. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. [17], IAC spun off Ticketmaster as its own company in the summer of 2008. (of the document filed at Companies House), Companies House does not verify the accuracy of the information filed. The VIP package includes various benefits, such as premium food and beverages, back stage access, preferred seats, and VIP rest rooms. Event-related deferred revenue was $3.5 billion as of March 31, 2022 compared to $1.5 billion as of March 31, 2021. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Ticketmaster Revenue In 2022, Ticketmaster reported an incredible success, with revenue of $12.3 billion - a staggering increase from the $6.3 billion reported in 2021. Customers can compare prices, service features, and after-sale service facilities, further boosting adoption. The overall process has become easy, reliable, quick, and safe. Thank you! Prominent sports events such as the National Football League (NFL), the FIFA World Cup, the Olympics Games, ICC Cricket World Cup, and the Premier League (PL) have a massive fan following. Alternative entertainment may include pre-recorded programs as well as live sports programs, concert events, the Metropolitan Opera, gaming events and other special presentations. Ticketmaster is funded by Upfront Ventures. North American . To make the Ticketmaster weekly e-shot more relevant to the recipient, it is distributed to over 9 million subscribers and divided by location. Ticketmasters Monthly Active Users (MAU) is 113.6 million. [12] In 2003, IAC repurchased the remaining Ticketmaster stock that it had previously sold off. Launched in 2013, TheTicketingBusinessNews is owned and delivered by Xperiology the UK-based events, publishing and marketing agency dedicated to sports, arts and entertainment.

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