The move enabled the company to build contracts with many well-known venues including the LA Forum. Supplemental Operational and Financial Information, First Quarter 2023 Live Nation Entertainment Earnings Conference Call. Copyright 2023 Xperiology. [61], In September 2018, the Toronto Star reported that Ticketmaster was not enforcing ticket limit rules on its resale platform, TradeDesk. Hey! Funding $2.7M Acquisitions 5 News Latest News Dec 14, 2022 Pressbee However, in 2020 the company. 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. A significantly higher number of theaters and exhibitors have started accepting m-tickets and e-tickets to prevent wastage of paper. The rapid growth of Internet users across the globe has provided bright prospects for e-marketers. //Ticketmaster - Wikipedia [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. [41], Fee amounts vary between events and are dependent on the venue, available delivery methods, and preferences of the artist. Ticketmaster has made 5 investments. Various technological advancements have changed the way consumers buy services and products. (of the document filed at Companies House), Companies House does not verify the accuracy of the information filed. Ticketmaster has acquired 17 organizations. Furthermore, the proliferation in technology is transforming the overall industry dynamics. Ticketmaster's Competitors, Revenue, Number of Employees - Owler US congresswoman Alexandria Ocasio-Cortez tweeted that Ticketmaster is a monopoly and that it must be unmerged from Live Nation Entertainment. Ticketmaster - Overview, News & Competitors | ZoomInfo.com Fiscal Year Ended Dec 31, 2022. The company provides tickets through its retail outlets, as well as other retail partners, and online. He said in a press conference on November 16 that "a lack of competition [for Ticketmaster] has led to a poor experience and higher prices for consumers. Tickets are sold through Ticketmaster at a rate of roughly 18 times per second, with a face value of $202 on average. Live Nation has also reported an 8% increase in concert revenues in 2019, with its international fan count up by 11%. Over here, at SignHouse, we're producing more of what you just read. Ticketmaster Delivers Another Record Quarter - AOI Up 86%, Transacted GTV Up 76% . [36], Typically, fees added to a ticket's face value have included:[37][38][39], As the Los Angeles Times has explained, "the 'service fee' is intentionally kept separate from the list price for two reasons: to make the base price of a ticket appear more affordable, and to create the impression that only Ticketmaster pockets that fee. Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them. These cookies ensure basic functionalities and security features of the website, anonymously. Ticketmaster is registered under the ticker NASDAQ:TKTM . [47] The investigation was closed without action in 1995, though the Justice Department stated it would continue to monitor the developments in the ticket industry. Economists worried these laws would harm competition, but Moriarty expressed the need to reduce corrupt scalpers and counterfeit tickets. 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. Everybody starts on a free plan, and you can stick to it forever. Ticketmaster - Funding, Financials, Valuation & Investors - CrunchBase Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them. The case settlement was approved in 2015 and Ticketmaster issued vouchers and discount codes to fans who purchased tickets online between 1999 and 2013. She said that she was "not going to make excuses for anyone because we asked [Ticketmaster], multiple times, if they could handle this kind of demand and we were assured they could." However, prepaid smart cards are another emerging trend which reduces queue at vendor stands, provides entry, and simplified merchandise transactions. The Event Tickets segment is expected to show a revenue . Here's Who To Blame", "Live Nation calls for more aggressive ticket pricing from artists", "Ticketmaster announces major change which could see tickets prices soar", "Pearl Jam vs. Ticketmaster: Choosing Sides: Legal file: The pop music world is divided over the Seattle band's allegations, which led to a Justice Department investigation into possible anti-competitive practices in the ticket distribution industry", "U.S. Drops Ticketmaster Antitrust Probe: Entertainment: Abrupt closure of investigation lifts cloud of uncertainty over firm, catches others in industry off guard", "A Tangle Over Tickets: Ticketmaster, Target of Lawsuits, Says It Offers Broad Service", "COLUMN ONE: The Ticket King's Path to Power: As Pearl Jam just learned, Ticketmaster's Fred Rosen gets what he wants. Discounted price for multiple reports across domains, 2. Mobile movie ticketing services are expected to emerge as a key revenue-generating segment over the forecast period in North America, due to consumer convenience and accessibility associated with the purchase of movie tickets. [85] In less than an hour of availability, the ticketing platform's servers were "unable to answer", with users "either completely logged out or in a queue 2,000-plus people strong that appeared frozen." 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. [14], In January 2008, Ticketmaster acquired Paciolan Inc., a developer of ticketing system applications and hosted ticketing systems, after litigation over the potential breach of antitrust laws. 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. This website uses cookies to improve your experience while you navigate through the website. See for yourself. Ticketmaster Company Profile - Office Locations, Competitors [107][108], In March 2023, fans of Canadian rapper Drake also filed a class action lawsuit against Ticketmaster in the Superior Court of Quebec, alleging intentional deception and fraud. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. Analytical cookies are used to understand how visitors interact with the website. TICKETMASTER UK LIMITED - Find and update company information The first valuation was in 2009, at just under $1 billion. Ticketmaster makes $45.7M in a day. Ticketmaster peak revenue was $16.7B in 2022. You also have the option to opt-out of these cookies. BookMyShow, a prominent player in India, reportedly carries out over 35,000 transactions in a day and sells over 95,000 tickets in the country. [CDATA[ Live Nation Entertainment annual revenue for 2022 was $16.681B, a 166.11% increase from 2021. Complimentary 10 hours free analyst time for market review, 3. Website ranking helps evaluate the value of a business . On average, employees at Ticketmaster stay with the company for 3.1 years. Revenue in USD million/billion and CAGR from 2020 to 2025, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Middle East & Africa; Latin America, U.S.; Canada; Germany; U.K.; China; Japan; India; Mexico; Brazil, AOL Inc.; Atom Tickets LLC; Big Cinemas; Bigtree Entertainment Pvt. [102][103] Live Nation cited several letters of support within its testimony, including one from American country singer Garth Brooks. The rapid adoption of smartphones and tablets in countries such as Qatar, Turkey, and UAE is anticipated to drive market growth. ticketmaster.com Market Share, Revenue and Traffic Analytics - Similarweb Ticketmaster's revenue growth from 2010 to 2022 is 229.43%. [33], In November 2020, Ticketmaster announced it will check the COVID-19 vaccination status of ticket buyers before issuing passes when live events return in 2021. 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. At the moment, Ticketmaster dominates the market for ticketing and live events and is by far the industry leader. [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. Ticketmaster.com visitors spent an average of 3 minutes, and 18 seconds booking tickets. We also use third-party cookies that help us analyze and understand how you use this website. The annual revenue of Ticketmaster varies between 1.0B and 5.0B. Get the full ticketmaster.com Analytics and market share drilldown here . The majority of visitors are between the ages of 25 and 34. Event organizers across the globe are forming new ways to offer exclusive passes for catching attention of audiences growing appetite for customization. The overall process has become easy, reliable, quick, and safe. Ticketmaster is funded by Upfront Ventures. [120] Ticketmaster has been criticised and the email labeled "misleading". Annual Revenue $1.0-5.0B Agree? 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. Ticketmaster Overview | SignalHire Company Profile Replay. StubHub's Competitors, Revenue, Number of Employees, Funding - Owler Heres the offer: we might start charging for access to this research (it takes 10s of people to produce this), but if you sign up now, youll have access for $0. Ticketmaster's clients include venues, artists and promoters. $3.2 Billion in Event-Related Deferred Revenue, Up 2x (vs Q2 2019) Fan Attendance at Operated Venues Grew 13% (vs Q2 2019) to Over 14 Million, with Almost 30 New Venues in Pipeline . The peak quarterly revenue was $6.2B in 2022(q3). [98] However, PROFECO ordered that those affected not only be refunded the full cost of the ticket, but an additional 20%. 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. You can change your cookie settings at any time. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". [23] Live Nation CEO Michael Rapino was named CEO of the new company. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. [35] In addition to the face value price, venues and Ticketmaster add fees to pay for their services. 2023 Live Nation Worldwide, Inc. All rights reserved. Free upgrade to enterprise license (allows to share across all company locations), 5. [94], In December, a group of Swift's fans, called "Swifties," filed a lawsuit against Ticketmaster and its parent company Live Nation, accusing them of fraud, anti-trust violations, and price-fixing. [58], Ticketmaster secretly partners with scalpers to drive up prices for consumers. [27] In 2018, Ticketmaster acquired UPGRADED, a company which converts physical tickets into digital ones, utilising blockchain. "[63] One month later, a group of customers filed a class action lawsuit against Ticketmaster. This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. Live Nation Entertainment Reports First Quarter 2022 Results . While offering preferred seating choices to patrons is usually an optional service for providers in the U.S., it is a basic necessity in markets such as India and China. [88] Several US lawmakers took notice of the issue. Furthermore, by doing so, event directors, organizers are generating bigger audience and huge revenue. [32], The company reported nearly 500 million tickets sold for 400,000 events in 2018. 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. 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 movie ticketing segment is also characterized by a high degree of competition among service providers. 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. [73][74] In a related case, Ticketmaster filed suit against its liability insurance carrier, Illinois Union Insurance Company, a subsidiary of ACE Limited, in 2010 for failing to aid in its defense in the 2003 suit. Booking for an event overseas in different countries uses different sites. "[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. They also focus on forming tie-ups with banks and mobile wallet providers to lure customers into buying tickets from their portals. [7][8], In November 1993, Microsoft co-founder Paul Allen acquired an 80% stake for more than $325 million. The audience of Ticketmaster.com is made up of 49.68% women and 50.32% men. After Smith expressed his outrage, Ticketmaster refunded a portion of the fees to the purchasers. Stubhub: Revenue, Competitors, Alternatives - Growjo Ticketmaster revenue is $16.7B annually. Est. Ticketmaster was founded in Phoenix, Arizona in 1976[3] by college staffers Peter Gadwa and Albert Leffler, as well as businessman Gordon Gunn III. Global Online Event Ticketing Market Size Report, 2025 The service providers are re-designing their websites along with developing mobile applications to offer user-friendly booking experience. Organizers are adding new categories to their events for attracting more customers. The ongoing pandemic has forced telecom operators worldwide to test their network resiliency and revisit their planned investments, especially in 5G technology. [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. [40] Utilizing such subterfuge to extract additional revenue from fans without arousing direct backlash towards themselves has become increasingly important for artists. After two rounds of ticket balloting remaining spare tickets were sent out to people who originally put their name down. Industry eCommerce & Shopping > Tickets. Anonymous cookie used to facilitate the 'PixelYourSite' plugin which manages our analytical services. Customers can compare prices, service features, and after-sale service facilities, further boosting adoption. Ticketmaster.com's four pages are typically seen by visitors during each visit. Ticketmaster Operating Metrics | Craft.co This cookie is set by GDPR Cookie Consent plugin. [25], In 2015, Ticketmaster acquired Front Gate Tickets, a music festival ticketing service that provided services for festivals including Lollapalooza and Austin City Limits. You've rejected analytics cookies. [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. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Avail customized purchase options to meet your exact research needs. [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. [111], For the Eurovision Song Contest 2023 in Liverpool in May 2023, the European Broadcasting Union (EBU) and the host broadcaster BBC partnered with Ticketmaster. Ticketmaster has 6,678 employees, and the revenue per employee ratio is $2,497,941. 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. Something went wrong while submitting the form. Ticketmaster Nederland: Contact Details and Business Profile Rigorous promotion and advertising activities undertaken by online ticketing services play a pivotal role in increasing the sale of tickets through their channels. We value your investment and offer free customization with every report to fulfil your exact research needs. [114] Following this, tickets were available on third-party resale platforms such as Viagogo, with a general admission standing ticket for the final, originally priced at 380, being sold for up to 11,800. 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. Leading companies operating in the marketplace include Razorgato; StubHub; Ticketmaster; Tickpick; Fandango; AOL Inc.; Atom Tickets LLC; Fandango; Movietickets.com; Big Cinemas; Cinemark Holdings Inc.; BookMyShow.com; Vue Entertainment; Mtime; and Kyazoonga. [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". 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. North American . 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. 6. Ticketmaster may also be known as or be related to Ticketmaster, Ticketmaster Corporation, Ticketmaster Entertainment Inc and Ticketmaster Entertainment LLC. Event-related deferred revenue was $3.5 billion as of March 31, 2022 compared to $1.5 billion as of March 31, 2021. Free trial, before you make a purchase decision. Includes data on revenue, valuation, investments, acquisitions, number of employees, and more. Ticketmaster has emerged as the most profitable ticket distribution company. Increasing viewership of sports has consequently boosted online ticket sales for sporting events. [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. Ticketmaster benefits from record month of on-sales - 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.
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