A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. These tickets are equipped with barcodes or QR codes, which are scanned by attendants to ensure authenticity. The world of eCommerce for entertainment will be connecting, in-person at our 11th annual TheTicketingBusiness Forum on 18-19 April in Manchester, UK. According to TICKETMASTER SPORT LIMITED latest financial report submitted on 2020-12-31, the company has a Turnover of 8M, Gross-Profit of 6M while the Cash is 9M. Live Nation Entertainment Reports Second Quarter 2022 Results [40] Utilizing such subterfuge to extract additional revenue from fans without arousing direct backlash towards themselves has become increasingly important for artists. Ticketmaster provides ticketing services in 31 countries and in 2019 delivered 115 million tickets internationally. 6. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Ticketmaster also owns and operates TicketWeb, a ticketing website geared towards independent venues. Supplemental Operational and Financial Information, First Quarter 2023 Live Nation Entertainment Earnings Conference Call. Your submission has been received! [118][119] The email also said "You will have until 12:00 on 27th April to claim your tickets. The increasing trend of using the Internet for bookings and reservations is expected to significantly bolster the market. The company currently specializes in the Entertainment, Application Software, E-commerce areas. Clears Ticketmaster-Live Nation Merger", "Despite Multiple Consent Decree Violations, Live Nation Gets Slap on Wrist from DOJ", "Live Nation to Pay $22.3 Million to Settle Class Action Suit Against Ticketmaster", "Ticketmaster Acquires Festival Ticketer Front Gate", "Ticketmaster buys marketing platform to help clubs engage with fans", "Ticketmaster Acquires Blockchain Ticketing Solution UPGRADED", "Ticketmaster tries to cut out scalpers again Business Retail NBCNews.com", "President Obama Signs Anti-Scalping Bill Into Law", "Ticketmaster Says Bot Army Bought 30,000 'Hamilton' Tickets", "Live Nation Posts Another Record Year, Revenue Up 11%", "Ticketmaster To Verify COVID Vaccination Status Of Fans Before Issuing Concert Passes", "Ticketmaster and Servants: Bands Get Cut of Service Fee", "The Economics Of Ticketmaster: Planet Money", "Ticketmaster's new blog: 'We get it -- you don't like service fees', "String Cheese Incident Takes On Ticketmaster", "Hating Ticketmaster long predates the Taylor Swift fiasco", "Ticketmaster's Dark History: A 40-year saga of kickbacks, threats, political maneuvering, and the humiliation of Pearl Jam", "Angry About Tickets? Ticketmaster Entertainment, Inc. Audited Consolidated Financial - SEC Launched in 2013, TheTicketingBusinessNews is owned and delivered by Xperiology the UK-based events, publishing and marketing agency dedicated to sports, arts and entertainment. Ticketmaster sells nearly 500 million tickets per year for a wide range of concerts, events, and games, and their websites receive over a billion visits per year. Since 1995, Ticketmaster has controlled more than 80% of the market for primary tickets to significant concerts. This is an essential cookie for the website live chat box to function properly. Wimbledon raises ticket prices for 2023 championships, See Tickets, Vivendi suffer reported data breach, Exit Festival links up with NFT-TiX as part of multi-year collaboration, Ticketmaster faces class action lawsuit over Drake tickets, Rammstein obtains restraining order against Viagogo, Ziggo Dome extends NFT ticketing plans with GUTS Tickets, President Biden calls for limits on concert and sporting ticket fees, US groups form Break Up Ticketmaster coalition, Lyte to acquire Event Genius assets as parent company Festicket set to fall into administration, Silver Lake looking into TEG exit options report, OVG to submit plans for UKs biggest arena, ICC Womens T20 World Cup opens with a bang, Fortuna calls on sponsors to support free fan entry to all home games, Tottenham players to refund fans after Newcastle thrashing, SeatGeek files confidential IPO paperwork, Festival attendees file Live Nation lawsuit following crowd surge, Haunted houses producing magic sales figures, Englands rugby league team partners Sportsbreaks, Ticketmaster Sport rolls out away ticketing digital solution, Electric Group renews with TM as Newcastle NX opens, Womens Rugby World Cup opens with Eden Park sell-out, Scottish Rugby embraces digital ticketing service with Tixserve, Backstage: Ed Sheeran, Depeche Mode and more. Free report customization (equivalent to up to 8 analyst working days) with purchase. Furthermore, it includes linked bank account which provide cashless transactions. By keeping a price cap in place, you're really just driving the [resale] business into the shadows. Ticketmaster's peak quarterly revenue was $6.2B in 2022(q3). The move enabled the company to build contracts with many well-known venues including the LA Forum. The firm said much of its growth came through reduced customer acquisition costs across both primary and secondary ticketing and from increased secondary ticketing volume, notably the NFL and other sporting events. The introduction of RFID tags built in to wristbands allow customers for ticketless entry and cashless event purchases. : Entertainment: A host of service fees, surcharges and taxes is riling concert-goers--and lawmakers", "Ticketmaster says pricey resale tickets protect consumers", "Bruce Springsteen 'furious' at Ticketmaster", "Bruce Springsteen "Furious" At Ticketmaster, Rails Against Live Nation Merger", "Live Nation Rules Music Ticketing, Some Say With Threats", "Ticketmaster agrees to pay up to $23 million to customers in lawsuit", "Why Is the Live-Event Ticket Market So Screwed Up? Engaging audiences through Reddit may reveal new opportunities. Ticketmaster has made 5 investments. Ticketmaster is available on Google Chrome (download latest), Microsoft Edge (download latest), and Mozilla Firefox. Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them. They give fans fair and safe access to some of the best seats in the house. Rising consumer disposable income, especially in emerging countries, is expected to considerably contribute to market growth. After extensive research and analysis, Zippia's data science team found the following key financial metrics. To make the Ticketmaster weekly e-shot more relevant to the recipient, it is distributed to over 9 million subscribers and divided by location. Ticketmaster is a company selling tickets to various events all round the world. Fans Say It's Their Hunger Games", "AOC demands Ticketmaster be dismantled after Taylor Swift ticket sale chaos", "Tennessee AG Investigating Antitrust Violations in Taylor Swift Ticket Presale", "Tennessee, North Carolina AGs Investigating Taylor Swift Ticket Presale", "Justice Department Said to Investigate Ticketmaster's Parent Company", "Taylor Swift slams 'outside entity' over ticket fiasco: 'I'm not going to make excuses for anyone', "Taylor Swift: 'Swifties' sue Ticketmaster over tour sale problems", "Hundreds of Tickets Canceled for Bad Bunny Concert in Mexico", "Final de la gira de Bad Bunny en Mxico opacada por boletaje falso; Ticketmaster ofrece reembolsos", "#AvisoImportante con respecto al concierto de @sanbenito (#BadBunny) en el @EstadioAzteca", "Ticketmaster deber reembolsar y dar 20% extra a fans de Bad Bunny afectados: Profeco", "Ticketmaster gets grilled: 6 takeaways from hearing over Taylor Swift concert fiasco", "Ticketmaster Plans to Blame Scalpers for Taylor Swift Debacle at Senate Hearing", "Taylor Swift concert fiasco leads to US Senate grilling for Ticketmaster", "Ticketmaster apologises for Taylor Swift tour sales fiasco", "DC organization protests against Ticketmaster and Live Nation outside US Capitol", "With Ticketmaster Lawsuit's First Hearing, Swifties Take to the Streets", "Zach Bryan drops surprise album 'All My Homies Hate Ticketmaster,' vows to combat high ticket prices", "Zach Bryan Wants to Burn Ticketmaster to the Ground", "Drake fans are the latest to hit Ticketmaster with a lawsuit following 'It's All A Blur' tour sale", "Ticketmaster facing lawsuit over Drake pricing now, too", "Drake fan files class-action lawsuit against Ticketmaster over inflated "Official Platinum" prices", "Eurovision 2023: Tickets for Liverpool sell out after huge demand", "Eurovision tickets website crashes moments before sale begins", "Eurovision final 2023 tickets sell out in 36 minutes", "Tickets: Eurovision Song Contest Grand Final - Live Show, Liverpool | Sat, 13 May 2023, 20:00 | Ticketmaster UK", "Eurovision tickets reselling for up to 12,000 as fans hunt for ways to attend contest", "Tickets for all 9 shows at this year's Eurovision Song Contest have now SOLD OUT", "Anger as fans say Coronation Concert ballot 'misleading', "Coronation Concert chaos after tickets sell out in minutes angering ballot holders", "Ticketmaster To Use Next-Generation Venue Software For The NFL", "Scottish Comic Beats Taylor Swift, Ed Sheeran in Ticketmaster UK Fan Vote For 'Ticket of the Year', "Ticketmaster Will Once Again Be the Official Ticketing Partner of SMG's UK Venues", "Taylor Swift announces massive 2018 'Reputation' tour", "Exclusive: Trans-Siberian Orchestra announces 20th-anniversary winter tour", "How to Buy Tickets to Broadway's Harry Potter and the Cursed Child Parts One and Two", "NFL, Ticketmaster renew partnership for at least $200M", "Guarding The Gates: NHL Signs Multiyear Extension Of Deal With Ticketmaster", "NBA Renews Ticketmaster Deal for Two Years", "StubHub Inks NFL Deal for Digital Tickets, Ticketmaster Integration", "New Tech Offerings This Year At The US Open", "Rogers Cup goes digital with Ticketmaster", "Wyndham Championship announces deal with Ticketmaster, new tier pricing", Scam Alert: Entertainment Rewards and Ticketmaster Consumerist, Hollywood Casino Amphitheatre (Maryland Heights, Missouri), Hollywood Casino Amphitheatre (Tinley Park, Illinois), TCU Amphitheater at White River State Park, https://en.wikipedia.org/w/index.php?title=Ticketmaster&oldid=1152102324, Entertainment companies based in California, Companies based in Los Angeles County, California, Entertainment companies established in 1976, CS1 Mexican Spanish-language sources (es-mx), Short description is different from Wikidata, Articles tagged with the inline citation overkill template from January 2023, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 April 2023, at 06:28. Compare LYV With Other Stocks From: To: Zoom: This cookie is used for the website live chat box to function properly. [57], In 2020, the Department of Justice fined Ticketmaster $3 million for violating a consent decree resulting from the Live Nation merger. Use this image Source: Zippia, Economic Liberties Ticketmaster Market Capitalization ticketmaster.com Ranking. "[63] One month later, a group of customers filed a class action lawsuit against Ticketmaster. This is expected to have an impact on the commercialization of commercial 5G standalone deployments and revenue generated through 5G services. Annual Revenue $1.0-5.0B Agree? Ticketmaster Entertainment, Inc. is an American ticket sales and distribution company based in Beverly Hills, California with operations in many countries around the world. The employee data is based on information from people who have self-reported their past or current employments at Ticketmaster. [121], Ticketmaster has partnerships with venues, professional sports leagues, musical acts and theatre tours[122][123][124] and target corporation in the United States and internationally. Language links are at the top of the page across from the title. The most common ethnicity at Ticketmaster is White (52%). On average, there are more mobile users than desktop users on Ticketmaster. Includes data on revenue, valuation, investments, acquisitions, number of employees, and more. It costs you nothing to try SignHouse! This goes for all countries in which the website is available. The cookie is used to store the user consent for the cookies in the category "Analytics". The increase in people working from home has led to a surge in demand for online video viewing, downloading, and communication through video conferencing, all of which are leading to increased network traffic and data usage. Ticketmaster's Competitors, Revenue, Number of Employees - Owler 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. 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. The online event ticketing market size was valued at USD 54.26 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% during the forecast period. [88] Several US lawmakers took notice of the issue. Replay. Key events covered under the scope of the online event ticketing market include movies, sports, music concerts, stand-up comedy shows, theater, dance, and opera shows. Income Statement :: Live Nation Entertainment (LYV) [48], In a 2009 article by the CBC, Ticketmaster argued that legislation was needed in Ontario to protect fans from scalpers and unauthorized ticket brokers saying, "You and I both know there is a thriving ticket-broker industry so the law is really a fiction We very strongly feel the law needs to be modernized to reflect the reality of internet commerce. The company has also faced scrutiny from the United States Department of Justice for retaliation against venues violating its 2010 10-year consent decree from the Live Nation merger, which has been extended an additional five years from 2020 through 2025. A large media company with 6,678 employees and an annual revenue of $16.7B, Ticketmaster is headquartered in West Hollywood, CA. ticketmaster.com Market Share, Revenue and Traffic Analytics - Similarweb Digital projection combined with satellite delivery allows exhibitors to expand their product offerings, including the presentation of 3-D content and alternative entertainment. [55][56] In 2018, the United States Department of Justice began reviewing complaints by AEG that claimed the company had engaged in anti-competitive practices. [11] In May 2000, Ticketmaster Online-CitySearch acquired TicketWeb Inc., a ticket vendor that sold tickets online and over the phone. Stubhub's estimated annual revenue is currently $232.2M per year. [41], Fee amounts vary between events and are dependent on the venue, available delivery methods, and preferences of the artist. TICKETMASTER UK LIMITED - Find and update company information TICKETMASTER UK LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity . Live Nation Entertainment Revenue 2010-2022 | LYV | MacroTrends Congressman Bill Pascrel, who had previously petitioned US Attorney General Merrick Garland in support of "strong antitrust enforcement by the Biden Administration" and criticized the merger of Ticketmaster and Live Nation, stated that he attempted to purchase tickets but was placed on the waitlist. In 2022, Ticketmaster has an average Monthly Active User (MAU) of 113.6 million users. The acquisition is scheduled to complete in Q3 (subject to customary closing conditions being satisfied). The simpler and more efficient DocuSign Alternative. Now he's eyeing new realms", "Ticket Flap: What Price Convenience? Live Nation Entertainment (NYSE: LYV) is the world's leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship. [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. Thank you! On the flip side, telecom regulators worldwide have postponed their plans of 5G spectrum auction amidst the global pandemic. Global Online Event Ticketing Market Size Report, 2025 At the moment, Ticketmaster dominates the market for ticketing and live events and is by far the industry leader. "[78] The allegations were first reported in 2017 when a former CrowdSurge top executive hired by Ticketmaster hacked into his former employer's database. Ticketmaster has had 2 exits. Est. In addition to the required payment, Ticketmaster signed a consent agreement to ensure its advertising policies abide by Canadian law. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is used to recognize the visitors using live chat at different times inorder to optimize the chat-box functionality. Our support available to help you 24 hours a day, five days a week. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Many service providers offer loyalty programs to users to retain them for a longer period through their mobile platforms as well. Ticketmaster was founded in Phoenix, Arizona in 1976[3] by college staffers Peter Gadwa and Albert Leffler, as well as businessman Gordon Gunn III. Anonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services. You've accepted analytics cookies. You can change your cookie settings at any time. The table below includes Ticketmaster employees throughout the year from 2010 to 2022. Of this revenue generated in 2022, over 2.2 billion U.S. dollars came from ticketing revenue and close to 13.5 billion U.S. dollars was generated through concerts. They also offered refunds for the full cost of the tickets. These cookies ensure basic functionalities and security features of the website, anonymously. Ticketmaster made $85 million in fees, from customers who took about eight months on average to cancel their enrollment in the program. "[54] That same year, musician Bruce Springsteen complained of a conflict of interest between Ticketmaster and TicketsNow after fans were directed to TicketsNow once tickets to his concert sold out on Ticketmaster.com. Ticketmaster Nederland is an Entertainment company located in The Hague, South Holland with $5.00 Million in revenue and 36 employees. We value your investment and offer free customization with every report to fulfil your exact research needs. The collapse of record album sales after the year 2000 means that as of the 2020s, 95 percent of artist income comes from concert tours. 29% of Ticketmaster employees are Hispanic or Latino. This website is secure and your personal details are safe. The band said they were protesting Ticketmaster's ticket fees, while Ticketmaster argued that the band was taking revenue from venues and promoters. [97] Due to the criticism, Ticketmaster Mexico released a statement through their social networks apologizing and saying that "the inconveniences in the accesses were a consequence of the presentation of an unprecedented number of fake tickets, which caused an out of the ordinary agglomeration of people and an intermittent operation of our system". For all of our events, Ticketmaster collaborates with more than 1,500 affiliate partners to increase ticket sales. For instance, they offer food at highly discounted prices at the event locations in a bid to remain competitive. Pay at Ticketmaster is significantly lower than some of its highest paying competitors, like Meta, Airbnb, and LinkedIn, which pay $155,739, $145,035, and $135,189, respectively. [87], Fans and customers online widely criticized Ticketmaster for a flawed ticketing model that obstructed them from purchasing tickets. In order to ensure business continuity amidst the COVID-19 crisis, business organizations, especially in highly affected countries are allowing their employees to work from home. Ticketmaster Overview | SignalHire Company Profile Find out why thousands of people are moving to SignHouse for their digital signatures! [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. Investor Relations :: Live Nation Entertainment (LYV) [23] Live Nation CEO Michael Rapino was named CEO of the new company. Live Nation Entertainment annual revenue for 2022 was $16.681B, a 166.11% increase from 2021. [26] The same year, the company acquired Universe, a DIY ticketing platform. Get documents signed as fast (and simple) as possible. [80][81] In March 2023, Robert Smith criticized the model and announced that the Cure would not be allowing Ticketmaster to sell dynamically-priced or platinum tickets for the band's upcoming North American tour. They also focus on forming tie-ups with banks and mobile wallet providers to lure customers into buying tickets from their portals. [17], IAC spun off Ticketmaster as its own company in the summer of 2008. TICKETMASTER ENTERTAINMENT, INC. CONSOLIDATED STATEMENTS OF OPERATIONS Years Ended December 31, 2008 2007 2006 (In thousands, except per share data) Revenue 1,438,282 1,221,798 1,047,380 Interest on funds held for clients 16,243 18,679 15,292 Total revenue 1,454,525 1,240,477 1,062,672 Copyright 2023 Xperiology. Cloned and invalid tickets in Bad Bunny concert. Find out why thousands of people are moving to CalHouse as a Calendly alternative (100% free)! For the three months ended March 31, 2022, net cash provided by operating activities was $1.2 billion and free cash flow adjusted was $89.1 million. Highlights (year-over-year) Revenue Up 10% for the Quarter to $3.2 Billion Operating Income Up 27% for the Quarter to $172 Million Adjusted Operating Income Up 23% for the Quarter to $319 Million 73 Million Concert Tickets Sold for 2019 Shows, Up Over 4 Million through mid-July Sponsorship & Advertising Committed Net Revenue Up 18% Year-to-Date You also have the option to opt-out of these cookies. [115][116][117], Ticketmaster was heavily criticised for their handling of the tickets for Coronation Concert of Charles III and Camilla. Yes, Ticketmaster UK can only help with queries for events taking place in England, Scotland and Wales. Michael Rapino (CEO), Mark Yovich (President), Ticketing technology, Ticket sales, Ticket resales, Marketing, Distribution of event tickets and information, Support of venue renovation, $11.5 billion in 2019 (Ticketmaster's greatest revenue), https://www.biletix.com/anasayfa/TURKIYE/en. He hasn't managed a company one-fifth Ticketmaster's size. "[105], On December 26, 2022, American country singer Zach Bryan criticized Ticketmaster for his Burn Burn Burn tour (2023) and listed out non-transferrable tickets to stop scalpers. Ticketmaster.com Visitors use the platform for three minutes and 18 seconds on average. After two rounds of ticket balloting remaining spare tickets were sent out to people who originally put their name down. Live Nation Entertainment Reports Fourth Quarter & Full Year 2021 Free trial, before you make a purchase decision. [26] In 2017, TicketWeb, Ticketmaster's self-service ticketing platform, acquired Strobe Labs, a marketing platform that allows users to market to fans through social media. Ticketmaster is the official ticketing partner of the NHL, NFL, NBA, USTA, PGA Tours, a number of MLB and MLS teams, and artists and venues around the world. [31] The following year, the company filed a lawsuit against the ticket broker Prestige Entertainment after the company used bots to buy more than 30,000 tickets to the Broadway play "Hamilton". [22] This consent decree was extended in 2020 by an additional five years, and that the company acted in violation of the terms of the 2010 agreement. (of the document filed at Companies House), Companies House does not verify the accuracy of the information filed. [46], In May 1994, the grunge band Pearl Jam filed a complaint with the U.S. Department of Justice claiming Ticketmaster had cut the group out of venue bookings in a dispute over fees. Ticketmaster has a total of 62 apps, including 31 iOS apps, and 31 Android apps. The first valuation was in 2009, at just under $1 billion. This cookie is set by GDPR Cookie Consent plugin. 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. Ticket purchases through smartphones and tablets are expected to witness a CAGR of over 7.0% over the course of the forecast period. Official Platinum Seats are premium tickets to concerts and other events made available by artists and Event Organizers through Ticketmaster. Looking at 2020, I am confident in Ticketmasters ability to extend that leadership position globally as we add more customers, ticket more events and expand our digital ticketing footprint.. Live Nation reports revenue growth in 2019 to $11.5bn Ch Daniel is the co-founder of SignHouse and chairman of the CHGroup. Ticketmaster: Rocking The Most Hated Brand In America - Fast Company US congresswoman Alexandria Ocasio-Cortez tweeted that Ticketmaster is a monopoly and that it must be unmerged from Live Nation Entertainment. The U.S. is estimated to witness significant growth over the next few years due to the greater presence of the tech-savvy population in the country with growing disposable incomes. The new system is touted to give artists a higher share of the revenues that would otherwise be coming through resale ticket sales. Rapino added: The strength of our business is continuing in 2020, with concert tickets sold through mid-February for 2020 shows up 10% to 38 million, and a pipeline of 4,700 confirmed arena, stadium and amphitheatre shows, up 30% from the same time last year. Ticketmaster Revenue and Growth Statistics (2023) | SignHouse 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. [109][110] The suit seeks $300 in punitive damages per customer and compensatory damages covering the difference between the "Official Platinum" ticket prices and the regular cost for the seats. By clicking Accept, you consent to the use of ALL the cookies. Ticketmaster's revenue growth from 2010 to 2022 is 229.43%. Their most recent investment was on Sep 12, 2008, when Active Network raised $92.3M. In 2010, it merged with Live Nation under the name Live Nation Entertainment.[2].